iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Economic Buzz: Eurozone Money Supply Growth Accelerates In August

27 Sep 2022 , 05:13 PM

Eurozone money supply growth accelerated unexpectedly in August, and loans to the private sector rose at a faster rate, data published by the European Central Bank showed. The broad monetary aggregate M3 grew 6.1 percent annually in August, faster than Julys 5.7 percent stable rate of increase, which was revised up from 5.5 percent. Meanwhile, the growth rate was forecast to slow to 5.4 percent. The M3 growth averaged 5.8 percent in the three months to August. Data also showed that credit to residents logged a slower growth of 5.5 percent, following Julys 5.8 percent increase. Similarly, credit to the general government advanced 5.5 percent, following the 7.0 percent growth seen a month ago. The annual growth rate of credit to the private sector increased to 5.5 percent in August from 5.2 percent in July. According to data, the annual growth of adjusted loans to the private sector improved to 6.7 percent from 6.3 percent. Loans to households rose at a steady pace of 4.5 percent, while growth of loans to non-financial corporations climbed to 8.7 percent from 7.6 percent.Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.