Sweden's broad monetary aggregate M3 rose 9 percent year-on-year in May, down from 10.1 percent in April, Statistics Sweden reported Friday.
At the same time, the narrow monetary aggregate M1 had an annual growth rate of 4 percent, which was lower than in April when the growth rate was 4.3 percent.
Also, monetary financial institutions' loans to households rose at a slower pace of 4.6 percent in May. Loans to households totaled SEK 2,689 billion. This was an increase of SEK 118 billion from a year ago, which reflects a rise in housing loans of SEK 100 billion.
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