Monetary developments in the euro area: August 2017

• The annual growth rate of the broad monetary aggregate M3 increased to 5.0% in August 2017, from 4.5% in July. • The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, increased to 9.5% in August, from 9.1% in July. • The annual grow...

Monetary developments in the euro area: August 2017