Eurozone August M3 money supply +9.5% vs +10.1% y/y expected
Summary
By sueyangfx.com September 25, 2020 at 09:52AM Latest data released by the ECB – 25 September 2020 – +10.2%; revised to +10.1% Broad money growth stays more elevated with loans to households keeping steady at +3.0% y/y and loans to […]
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September 25, 2020 at 09:52AM
Latest data released by the ECB – 25 September 2020
– +10.2%; revised to +10.1%
Broad money growth stays more elevated with loans to households keeping steady at +3.0% y/y and loans to non-financial corporations seen at +7.1% y/y. This just reaffirms the narrative that liquidity is plentiful in the euro area amid the measures taken