Eurozone's broad monetary aggregate M3 rose 2.9 percent year-on-year in May, the European Central Bank said Friday. The increase follows April's 2.5 percent rise and well above the consensus forecast of 2.3 percent.
The three-month average of the annual growth rates of M3 during March to May came in at 2.8 percent, compared with 2.7 percent in the period for February to April.
Meanwhile, loans to the private sector dipped 0.1 percent annually, partially offsetting the 0.2 percent increase in April.
The annual growth rate of loans to households decreased to 0.3 percent from 0.5 percent. Likewise, the rate of lending for house purchase, the most important component of household loans, decreased to 0.7 percent from 1 percent.
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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.