In a recent update from the Bank of Estonia, the M3 money supply saw a modest increase in July 2024. The metric, which serves as a broad measure of the country’s money supply, grew to €28.4 billion, up from the €27.9 billion recorded in June 2024. This data was officially updated on 28 August 2024.The M3 money supply figure is crucial for economic analysts and policymakers as it includes not just currency in circulation but also various forms of deposits, such as savings and time deposits, which impacts overall economic activity. The latest numbers indicate a steady growth, suggesting a potentially favorable environment for economic expansion and lending activities.This uptick in July signals a continuation of moderate financial growth in Estonia, reflecting consumer confidence and an increase in borrowing and spending. Stakeholders will likely be watching closely as these numbers can impact interest rates, inflation, and further economic planning for the country.The material has been provided by InstaForex Company – www.instaforex.com
- Slovak Core CPI Slows to 0.2% in August, Down from 0.3% in July - September 13, 2024
- Turkey’s End-Year CPI Forecast Reflects Slight Decline in Inflation Rate for September - September 13, 2024
- Slovak CPI Rises to 2.8% in August, Shows Moderate Year-Over-Year Increase - September 13, 2024
