ECB-Monetary developments in the euro area: October 2024

November 28, 2024--Annual growth rate of broad monetary aggregate M3 increased to 3.4% in October 2024 from 3.2% in September
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 0.2% in October from -1.3% in September
Annual growth rate of adjusted loans to households stood at 0.8% in October, compared with 0.7% in September
Annual growth rate of adjusted loans to non-financial corporations stood at 1.2% in October, compared with 1.1% in September

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 increased to 3.4% in October 2024 from 3.2% in September, averaging 3.2% in the three months up to October. 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, increased to 0.2% in October from -1.3% in September. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 7.3% in October from 9.6% in September. The annual growth rate of marketable instruments (M3-M2) decreased to 20.0% in October from 21.6% in September.

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.