Monetary developments in the euro area: September 2024

October 25, 2024-- Annual growth rate of broad monetary aggregate M3 increased to 3.2% in September 2024 from 2.9% in August
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was-1.2% in September, compared with -2.1% in August
Annual growth rate of adjusted loans to households stood at 0.7% in September, compared with 0.6% in August

Annual growth rate of adjusted loans to non-financial corporations increased to 1.1% in September from 0.8% in August

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 increased to 3.2% in September 2024 from 2.9% in August, averaging 2.8% in the three months up to September. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, was -1.2% in September, compared with ‑2.1% in August. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 9.7% in September from 10.4% in August. The annual growth rate of marketable instruments (M3-M2) decreased to 21.8% in September from 22.3% in August.

Columbia Threadneedle Investments expanding US active ETF range to Europe

May 19, 2025--A 'natural expansion' for the firm
Columbia Threadneedle Investments is set to expand its active ETF offering to the European market as it looks to branch out from its existing US range.