Monetary developments in the euro area: January 2026 Monetary developments in the euro area: January 2026

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Monetary developments in the euro area: January 2026

February 26, 2026-Annual growth rate of broad monetary aggregate M3 increased to 3.3% in January 2026 from 2.8% in December
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 5.3% in January from 4.7% in December
Annual growth rate of adjusted loans to households stood at 3.0% in January, unchanged from previous month

Annual growth rate of adjusted loans to non-financial corporations decreased to 2.8% in January from 3.0% in December

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 increased to 3.3% in January 2026 from 2.8% in December, averaging 3.0% in the three months up to January.

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Source: ECB (European Central Bank)


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