Eurozone Three-Month M3 Money Supply (YoY) (Feb)-FX168 Financial Network

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Release frequency：MonthImportance：

Indicator explain: The European Central Bank announced that M3 money supply is a main Metric for measuring money supply. It includes banknotes, coins, demand deposits and time deposits or bonds with a maturity of more than 2 annum, that is, M3=M2+ time deposits and savings deposits of other financial institutions. The European Central Bank uses the growth in money supply to measure inflationary pressure. By examining the impact of different levels of money on the economy, we can select the monetary assets most closely Relation to economic changes as the focus of central bank Controlling, which will help the central bank regulate the money supply and if you do observe the implementation Effectiveness of Monetary Policy in a timely manner. The central bank sets a growth Target range for M3 every year. M3 growth above the Target range will cause inflation concerns. Therefore, if M3 growth accelerates, it will be positive for the euro; on the contrary, it will be Bearish for the Euro.

Frequency explain: Monthly report, Data of the previous month is released at the end of each month

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