Monetary developments in the euro area: June 2017

• The annual growth rate of the broad monetary aggregate M3 stood at 5.0% in June 2017, after 4.9% in May 2017 (revised from 5.0%). • The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, increased to 9.7% in June, from 9.3% in May. •...

Monetary developments in the euro area: June 2017