DATA SNAP: Euro-Zone Nov M3 Stuck At Record High Of +12.3%YY
By Nina Koeppen
Of DOW JONES NEWSWIRES
FRANKFURT (Dow Jones)--Broad money supply growth remained stuck at a record high in November, indicating that upward inflationary pressures loom over the euro zone.
The annual rate of broad M3 money supply growth was unchanged from October at 12.3%, the highest rates since records began in 1981, European Central Bank data showed Thursday.
The figure is in line with economists' forecasts.
Although the euro zone has only existed since 1999, a data series for M3 has been calculated back to January 1981.
The outcome will add fodder to the hawks on the ECB's governing council concerned about the area's inflation outlook.
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By Nina Koeppen
Of DOW JONES NEWSWIRES
FRANKFURT (Dow Jones)--Broad money supply growth remained stuck at a record high in November, indicating that upward inflationary pressures loom over the euro zone.
The annual rate of broad M3 money supply growth was unchanged from October at 12.3%, the highest rates since records began in 1981, European Central Bank data showed Thursday.
The figure is in line with economists' forecasts.
Although the euro zone has only existed since 1999, a data series for M3 has been calculated back to January 1981.
The outcome will add fodder to the hawks on the ECB's governing council concerned about the area's inflation outlook.
Discuss
Add this link to...
Tell a friend
Bury
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