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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Commodities
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
ECB Data: Seas. Adj. Counterparts Of M3 Money Supply
Release for: January 2018
Source: European Central Bank
Levels in billions of Euro
All data are seasonally adjusted
|-----monthly flow-----||---y/y growth rate---|
LevelEbn Nov-17 Dec-17 Jan-18 Nov-17 Dec-17 Jan-18
--------------------------------------------------------------------------------
COUNTERPARTS OF M3
MFI liabilities:
2 Holdings of
central
governments 316 -33 47 -40 4.0 14.4 5.0
3 Longer-term
financial
liabilities against
other
euro area residents 6730 -3 0 10 -1.2 -1.1 -0.8
3.1 Deposits with
agreed
maturity over 2
years 1958 2 5 -9 -4.4 -3.8 -3.8
3.2 Deposits
redeemable
at notice over 3
months 60 -1 0 -1 -12.7 -12.4 -12.4
3.3 Debt securities
issued
with maturity over 2
yrs 2019 -7 5 17 -3.8 -3.4 -2.4
3.4 Capital and
reserves 2692 2 -11 3 3.6 3.3 3.3
MFI assets:
4 Credit to euro
area
residents 17780 65 70 48 3.8 3.8 3.7
4.1 Credit to
general govt 4597 21 64 -30 6.8 6.7 5.4
of which loans 1031 -1 -9 -1 -3.8 -4.0 -4.4
Securities other
than
shares 3552 22 73 -29 10.5 10.2 8.7
4.2 Credit to other
euro
area residents 13184 44 6 78 2.8 2.9 3.1
Loans 10931 36 -4 67 2.6 2.6 3.0
Securities other
than
shares 1450 0 14 11 3.9 4.6 4.5
Shares and other
equities 803 8 -4 0 4.4 3.2 2.5
5 External assets 817 0 -12 -29 N/A N/A N/A
6 Residual 353 -34 -3 6 N/A N/A N/A
--------------------------------------------------------------------------------
[TOPICS: MTABLE,M$X$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.