| ECB-Monetary developments in the euro area: August 2023
September 27, 2023-Annual growth rate of broad monetary aggregate M3 was -1.3% in August 2023, compared with -0.4% in July
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| Annual growth rate of adjusted loans to households decreased to 1.0% in August from 1.3% in July
Annual growth rate of adjusted loans to non-financial corporations decreased to 0.6% in August from 2.2% in July Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 was -1.3% in August 2023, compared with -0.4% in July, averaging -0.4% in the three months up to August. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, was -10.4% in August, compared with -9.2% in July. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 23.7% in August from 23.9% in July. The annual growth rate of marketable instruments (M3-M2) decreased to 20.4% in August from 21.1% in July. |
| ESAs warn of risks from economic and geopolitical events September 10, 2024--The three European Supervisory Authorities (EBA, EIOPA and ESMA-ESAs) today issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines ongoing high economic and geopolitical uncertainties. |