May 30, 2025--Annual growth rate of broad monetary aggregate M3 increased to 3.9% in April 2025 from 3.7% in March (revised from 3.6%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 4.7% in April from 3.9% in March (revised from 3.8%)
Annual growth rate of adjusted loans to households increased to 1.9% in April from 1.7% in March

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 increased to 3.9% in April 2025 from 3.7% in March, averaging 3.8% in the three months up to April. 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 4.7% in April from 3.9% in March. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 0.6% in April from 1.5% in March. The annual growth rate of marketable instruments (M3-M2) decreased to 10.8% in April from 11.9% in March.

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