28 February 2001, 12:17 Euro area Jan M3 up 4.7 pct yr-on-yr vs revised 5.2 in Dec
FRANKFURT (AFX) - Euro area M3 grew 4.7 pct year-on-year in
January, down from a year-on-year growth rate revised upwards to 5.2
pct in December.
The three month moving average of M3 year-on-year growth rates was
5.0 pct in the Nov-Jan period compared with 5.1 pct revised upwards in
Oct-Dec.
The ECB has set a reference value of 4.5 pct for year-on-year M3
growth. The reference value is not a target but is used as a basis for
monitoring trends in monetary growth.
© 1999-2024 Forex EuroClub
All rights reserved