The monetary aggregate M3 of the euro area, which also includes short-term bonds with a maturity of up to 2 years, underwent a slight increase in July, recording an increase of 2%, compared to July 2010, compared to 1,9 % recorded in June. Even considering the three-month period from May to July, M3 grew by 2,1% compared to the same period in 2010 and accelerated by 2% compared to the April-June period. Loans to the private sector in the Eurozone also grew, recording an increase of 2,4% year on year. This was announced today by the European Central Bank (ECB).
ECB: M3 up to +2%
In July, the value of the broadest possible monetary aggregate of the euro area, which includes the monetary base and all highly liquid financial assets, increased (+2% on an annual basis)
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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