ECB-Monetary developments in the euro area: June 2024
July 25, 2024--Annual growth rate of broad monetary aggregate M3 increased to 2.2% in June 2024 from 1.5% in May (revised from 1.6%)
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Components of the broad monetary aggregate M3
The annual growth rate of the broad monetary aggregate M3 increased to 2.2% in June 2024 from 1.5% in May, averaging 1.7% in the three months up to June. 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 -3.4% in June, compared with -5.0% in May. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 12.7% in June from 14.7% in May. The annual growth rate of marketable instruments (M3-M2) increased to 18.6% in June from 17.5% in May. |
Markets increasingly sensitive after strong performance in early 2024 August 29, 2024-The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes its second risk monitoring report of 2024, setting out the key risk drivers currently facing EU financial markets. External events continue to have a strong impact on the evolution of financial markets, and ESMA also sees high or very high overall risks in the markets within its remit. |
ECB-Monetary developments in the euro area: July 2024 August 28, 2024--Annual growth rate of broad monetary aggregate M3 stood at 2.3% in July 2024, unchanged from previous month (revised from 2.2%)
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ECB making good progress but job not done, Lane says August 24, 2024--The European Central Bank is making "good progress" in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still needed, ECB chief economist Philip Lane said on Saturday. |
Robeco starts 'strategic hiring' ahead of entry into ETF market August 23, 2024--An increasing number of active managers are entering the ETF space in Europe ahead of an expected surge in demand
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