Monetary developments in the euro area: August 2026
Source: Ecb ·
From the source
Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 stood at 3.5% in August 2026, after 3.4% in July, averaging 3.4% in the three months up to August. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 2.9% in August from 3.1% in July. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) increased to 4.1% in August from 3.7% in July. The annual growth rate of marketable instruments (M3-M2) increased to 7.1% in August from 4.2% in July. Looking at the components' contributions to the annual growth rate of M3 , the narrower aggregate M1 contributed 1.8 percentage points (down from 2.0 percentage points in July), short-term deposits other than overnight deposits (M2-M1) contributed 1.2 percentage points (up from 1.1 percentage points) and marketable instruments (M3-M2)…
BestAIBroker analysis
- Finance-aware sentiment: neutral (+0.00 on a -1 to +1 scale).
- Event classification: OTHER.
- Market importance score: 22/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
- Symbols referenced: MFI.