Money supply growth in the EU keeps accelerating

Money supply in the European Union kept growing at an accelerated pace in June
Money supply in the European Union kept growing at an accelerated pace in June.
Money supply in the European Union kept growing at an accelerated pace in June

Money supply in the European Union kept growing at an accelerated pace in June. The broad aggregate M3 grew by 9.4% y/y compared to 9% y/y increase in May. The narrower aggregate, M1, posted a 12.8% y/y increase, slightly accelerating compared to May (12.6% y/y growth).

Money supply in the European Union kept growing at an accelerated pace in June.

Money supply in the EU started to grow at a significantly higher rate in March 2020, as the authorities in the EU and in the member states were confronted with the COVID-19 outbreak and its negative economic impact.
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Further data and analysis on?economies in Europe?could be found on the?CEIC Euro Area?Economy in a Snapshot – Q2 2020?report.

28th July 2020 Money supply growth in the EU keeps accelerating