Euro zone money supply eases, but more robust than expected

Euro zone February M3 money supply grew by 5.9%, down from a revised 6.0% in January, but stronger than expected, the median forecast having called for a 5.5% read. Meanwhile M3 3- month average for Dec-Feb came in at 6.5% weaker compared to a revised 7.1% in Nov-Jan, but again stronger than expected, the median forecast having called for a slowdown to 6.3%.