ECB-Monetary developments in the euro area: May 2024

June 27, 2024--Annual growth rate of broad monetary aggregate M3 increased to 1.6% in May 2024 from 1.3% in April
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -4.9% in May, compared with -5.9% in April
Annual growth rate of adjusted loans to households stood at 0.3% in May, compared with 0.2% in April

Annual growth rate of adjusted loans to non-financial corporations stood at 0.3% in May, compared with 0.2% in April

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 increased to 1.6% in May 2024 from 1.3% in April, averaging 1.3% in the three months up to May. 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 -4.9% in May, compared with -5.9% in April. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 14.7% in May from 15.6% in April. The annual growth rate of marketable instruments (M3-M2) decreased to 17.5% in May from 22.6% in April.

ASB Capital and Xtrackers by DWS launch XASB Sukuk ETF on LSE

November 5, 2025-Listed on the London Stock Exchange (LSE), the newly launched ETF will democratize access to Sukuk for global investors
Bell ringing ceremony on the LSE and official launch on 4 November 2025
Global ETF assets reached USD 15 trillion by the end of 2024, reflecting a 30% increase from the previous year driven by a record USD 1.7 trillion of net inflows.