Eurozone September M3 money supply +2.8% vs +2.8% y/y expected

  • Latest data released by the ECB - 27 October 2025
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  • Prior +2.9%

The euro area money supply continues to hold thereabouts at the end of September, with the headline figure seen moderating further after the early rate cuts from before this. We're now caught in the middle of the cycle, so it's hard to read too much into this - making it a not so important data release.

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