Eurozone broad monetary aggregate M3 grew at a faster pace in March, the European Central Bank said Monday.
M3, increased 3.2 percent year-on-year in March, faster than the 2.8 percent growth logged in February. Economists were forecasting the rate to remain stable at 2.8 percent.
The three-month average of the annual growth rates of M3 during January to March rose to 2.8 percent from 2.3 percent in December to February period.
At the same time, loans to the private sector climbed 0.6 percent in March from a year ago, following a 0.8 percent rise in the previous month. Likewise, the annual growth rate of loans to households decreased to 0.6 percent from 1.2 percent in February.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.