Eurozone September M3 money supply +10.4% vs +9.6% y/y expected
Latest data released by the ECB - 27 October 2020
Slight delay in the release by the source. Broad money growth continues to swell, with the annual change reflecting the biggest jump since December 2007.
- Prior +9.5%
Meanwhile, loans to households also increased to +3.1% y/y while loans to corporates were steady at +7.1% y/y.
Amid the resurgence in virus cases across the region, it is worth being reminded that the ECB has certainly injected plenty of liquidity into the system over the past few months.