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Eurozone M3 Growth Improves Unexpectedly; Private Sector Credit Rises At Faster Rate

Por: RTTNews Business September 27, 2022

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Eurozone money supply growth accelerated unexpectedly in August, and loans to the private sector rose at a faster rate, data published by the European Central Bank showed Tuesday.The broad monetary aggregate M3 grew 6.1 percent annually in August, faster than July's 5.7 percent stable rate of increase, which was revised up from 5.5 percent.Meanwhile, the growth rate was forecast to slow to 5.4 percent.The M3 growth averaged 5.8 percent in... + full article



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