Eurozone M3 money supply May yy +4.9% vs +4.85 exp

Eurozone M3 money supply report 27 June 2016

  • 4.6% prev
  • household lending growth yy+1.6% vs +1.5% prev
  • non-fin corp lending +1.4% vs +1.2% prev

M3 still heading in the right direction which will please ECB. What remains to be seen though is actually where it's filtering into.

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