M3 monetary aggregate rises 3% year-on-year in Eurozone in November
Link Securities | According to the ECB, the M3 monetary aggregate rose 3.0% year-on-year in November in the Eurozone, accelerating from 2.8% in October and exceeding the consensus forecast of FactSet analysts, who had expected a 2.7% increase for the month. In November, credit granted to households by euro area institutions rose by 2.9% year-on-year (the highest rate since March 2023) from 2.8% in October. Meanwhile, loans to non-financial corporations…
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