| 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
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| 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. |
| 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. |