Eurozone November M3 money supply +3.8% vs +3.5% y/y expected

  • Latest data released by the ECB - 2 January 2025
EZM3
  • Prior +3.4%

Broad money growth expanded quite decently in November compared to the same period a year ago, up from the 3.4% year-on-year estimate in October. Looking at the details, adjusted loans to households also grew to 0.9% but adjusted loans to non-financial corporations did ease to 1.0% on the month.

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