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InstaForex Loprais Team - Official participant of the Dakar rally

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InstaForex Loprais Team - Official participant of the Dakar rally

2018.10.2406:52:00UTC+00Eurozone M3 Growth Improves In September

Eurozone money supply grew at a slightly faster pace in September, the European Central Bank reported Wednesday.

The annual growth of monetary aggregate M3 rose slightly to 3.5 percent from revised 3.4 percent in August.

The narrow measure, M1, which comprises currency in circulation and overnight deposits, increased 6.8 percent in September versus 6.4 percent in August.

Data showed that credit to general government climbed 3.2 percent after rising 3.3 percent. At the same time, growth in credit to private sector held steady at 3 percent in September.

Adjusted loans to the private sector logged an annual increase of 3.4 percent, the same rate as seen in the previous month.

Similarly, loans to households climbed 3.1 percent annually, the same rate as seen in August.

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