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Eurozone M3 Money Supply Shrinks, Bank Lending Growth Weakens

Por: RTTNews Business August 28, 2023

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Eurozone broad money supply posted its first decline in more than a decade, and bank lending grew at a slower pace in July as higher borrowing costs dampen the growth outlook, official data revealed on Monday. The monetary aggregate M3 dropped 0.4 percent from a year ago after rising 0.6 percent in June, the European Central Bank reported. This was the first fall since May 2010, when M3 was down 0.1 percent. M3 was forecast to remain flat. At... + full article



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