Eurozone money supply registered its biggest fall on record and bank lending grew at a much slower pace in August amid tightening monetary policy and weak economic activity, data published by the European Central Bank showed on Wednesday. The M3 money supply posted an annual decline of 1.3 percent, following July's 0.4 percent fall. This was the biggest fall on record and also marked the second consecutive decline.
The narrow measure M1, which comprises currency in circulation and overnight deposits, plunged 10.4 percent after falling 9.2 percent a month ago.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.