ECB – Monetary developments in the euro area (January)
Broad money in the euro area grew in January for the first time in three months, according to data released by the European Central Bank (ECB) on Thursday.
M3, the ECB's broad money indicator, expanded 0.1% at an annualised rate, compared to 0.3% contractions in November and December last year. M1, the narrowest component in the ECB's definition of broad money, which comprises currency and overnight deposits, shrank by 0.8 percentage points in January compared to the previous month. "The annual
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