Eurozone money supply continued to fall and bank lending remained weak in October amid tight monetary policy, data published by the European Central Bank showed Tuesday.
The monetary aggregate M3 declined 1.0 percent on a yearly basis in October after a 1.2 percent fall in September. This was the fourth consecutive fall.
In three months to October, the annual growth rate of M3 averaged -1.2 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.