ECB-Monetary developments in the euro area: December 2023

January 26, 2024--Annual growth rate of broad monetary aggregate M3 increased to 0.1% in December 2023 from -0.9% in November
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -8.5% in December, compared with -9.5% in November
Annual growth rate of adjusted loans to households decreased to 0.3% in December from 0.5% in November

Annual growth rate of adjusted loans to non-financial corporations increased to 0.4% in December from 0.0% in November

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 increased to 0.1% in December 2023 from -0.9% in November, averaging -0.6% in the three months up to December. 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 -8.5% in December, compared with -9.5% in November.

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.