3,882
edits
European Money Supply: Difference between revisions
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'''Contributors''' | |||
=== August 2023 === | === August 2023 === | ||
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* The annual growth rate of deposits placed by households decreased to 0.2% in August from 0.7% in July, while the annual growth rate of deposits placed by non-financial corporations was -2.4% in August, compared with -0.6% in July. Finally, the annual growth rate of deposits placed by non-monetary financial corporations (excluding insurance corporations and pension funds) was -18.9% in August, compared with -15.4% in July. | * The annual growth rate of deposits placed by households decreased to 0.2% in August from 0.7% in July, while the annual growth rate of deposits placed by non-financial corporations was -2.4% in August, compared with -0.6% in July. Finally, the annual growth rate of deposits placed by non-monetary financial corporations (excluding insurance corporations and pension funds) was -18.9% in August, compared with -15.4% in July. | ||
* The annual growth rate of M3 in August 2023 can be broken down as follows: net external assets contributed 1.4 percentage points (down from 1.5 percentage points in July), credit to the private sector contributed 0.5 percentage points (down from 1.2 percentage points), credit to general government contributed -0.8 percentage points (up from -1.1 percentage points), longer-term financial liabilities contributed -1.8 percentage points (down from -1.6 percentage points), and the remaining counterparts of M3 contributed -0.5 percentage points (down from -0.3 percentage points). | * The annual growth rate of M3 in August 2023 can be broken down as follows: net external assets contributed 1.4 percentage points (down from 1.5 percentage points in July), credit to the private sector contributed 0.5 percentage points (down from 1.2 percentage points), credit to general government contributed -0.8 percentage points (up from -1.1 percentage points), longer-term financial liabilities contributed -1.8 percentage points (down from -1.6 percentage points), and the remaining counterparts of M3 contributed -0.5 percentage points (down from -0.3 percentage points). | ||
== References == | |||