FXstreet.com (Barcelona) - The M3 annual rate of growth has edged down to 11.3% in September from 11.6% in August, while the three-month average increased to 11.5% in the July -September period from 11.4% in June-August, according to the latest report by the European Central Bank.
The M1 decreased to 6.1% in September from 6.7% in August, while the annual growth rate for short -term deposits excluding overnight deposits, increased 15.5% from 15.3% in August. The annual rate of growth of marketable instruments was 18.0% in September, compared with 17.9% in August.
The volume o credit granted to Euro Area residents has eased to 8.7% in September from 8.8% in August, while the annual rate of decline of credit extended to governmental institutions rose to 4.3% in September from 4.2% in August. Credit extended to the private sector decreased to 11.6% in September, from 11.8% in August.