Eurozone August M3 money supply +3.5% vs +3.9% y/y expected

Latest data released by Eurostat - 27 September 2018

Broad money tightens up once again. Although still expanding at a moderate pace, it's not really a positive sign for investments and/or inflation if the trend starts to tail off from here. But let's see what happens in the months to come. It's still a little early to tell from this.

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