The M3 money supply in the Euro Zone experienced a slight uptick in July 2024, reaching 2.3%, according to the latest data updated on 28 August 2024. This is a marginal increase from the previous month, where the indicator stood at 2.2% in June 2024.Year-over-year analyses indicate that the M3 money supply’s change for the month of July 2024 captured a notable yet modest rise compared to the same month last year. Similarly, June’s figures also showed a 2.2% increase upon comparison with June 2023, suggesting a consistent trend in the expanding money supply within the Euro Zone.Economic analysts will closely monitor these incremental shifts, as they could signal broader trends in monetary policy and financial stability across the region. As the European Central Bank evaluates these developments, market participants will remain vigilant regarding any policy announcements that could influence liquidity and economic growth within the Euro Zone.The material has been provided by InstaForex Company – www.instaforex.com
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