| 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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| Annual growth rate of adjusted loans to non-financial corporations stood at 0.6% in July, compared with 0.7% in June
Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 stood at 2.3% in July 2024, unchanged from the previous month, averaging 2.0% in the three months up to July. 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 -3.1% in July, compared with -3.4% in June. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 11.4% in July from 12.8% in June. The annual growth rate of marketable instruments (M3-M2) increased to 21.0% in July from 18.7% in June. |
| 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. |