This indicator measures the year-over-year change in the total amount of money supply (M3) in the Eurozone.
Releases at
10:00
Thursday, October 29, 2026 at 10:00
M3 money supply reflects the total volume of money circulating in the economy, including cash, deposits, and other liquid assets.
Central banks and investors watch M3 to gauge liquidity conditions and potential inflationary pressures in the economy.
While it is a broad measure of money supply, changes in M3 can signal shifts in economic activity and influence monetary policy decisions by the ECB.
May suggest increased liquidity and potential inflation, possibly leading to expectations of tighter monetary policy.
Could indicate reduced liquidity and slower economic activity, possibly easing concerns about inflation.
Likely to have a neutral effect on markets as it confirms current economic and monetary policy outlooks.