ECB-Monetary developments in the euro area: August 2020-continued

September 25, 2020--Annual growth rate of broad monetary aggregate M3 decreased to 9.5% in August 2020 from 10.1% in July (revised from 10.2%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 13.2% in August from 13.5% in July
Annual growth rate of adjusted loans to households stood at 3.0% in August, unchanged from previous month
Annual growth rate of adjusted loans to non-financial corporations stood at 7.1% in August, unchanged from previous month

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 decreased to 9.5% in August 2020 from 10.1% in July, averaging 9.6% in the three months up to August. 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, decreased to 13.2% in August from 13.5% in July.view more

Source: ECB

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