Romania's broad money supply increased from last year in April, data released by the central bank showed Friday.
The broad money supply, or M3, increased 12.1 percent year-on-year in April. Among components of the M3, net foreign assets surged 50 percent annually in April, while net domestic assets rose 6.3 percent.
On a monthly basis, the broad money supply rose 1 percent in April, the bank said.
At the same time, the intermediate money supply, or M2, rose 1 percent month-on-month in April, taking the annual growth to 12.1 percent. The narrow money supply, or M1, advanced 1.9 percent sequentially, leading to an 11.1 percent annual growth, data showed.
The central bank said Romania's non-government loans increased 9.8 percent year-on-year in April, while month-on-month, loans edged up 0.1 percent.
by RTT Staff Writer
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