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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
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.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
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Emerging Markets
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Commodities
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Credit
Credit
Real time insight of credit markets
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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.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
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: August 2018
Source: European Central Bank
Levels in billions of Euro
All data are seasonally adjusted
|-----monthly flow-----||---y/y growth rate---|
LevelEbn Jun-18 Jul-18 Aug-18 Jun-18 Jul-18 Aug-18
--------------------------------------------------------------------------------
COUNTERPARTS OF M3
MFI liabilities:
2 Holdings of
central
governments 401 -11 34 48 5.7 10.2 16.9
3 Longer-term
financial
liabilities against
other
euro area residents 6672 -17 12 -6 -1.2 -0.9 -1.0
3.1 Deposits with
agreed
maturity over 2
years 1944 -1 5 -10 -3.2 -2.5 -2.7
3.2 Deposits
redeemable
at notice over 3
months 57 0 -1 0 -10.8 -10.4 -9.8
3.3 Debt securities
issued
with maturity over 2
yrs 2013 -9 -5 -2 -2.6 -2.9 -2.5
3.4 Capital and
reserves 2657 -6 14 7 1.7 2.1 1.7
MFI assets:
4 Credit to euro
area
residents 17967 0 83 41 3.1 3.2 3.1
4.1 Credit to
general govt 4612 14 26 17 3.9 3.7 3.2
of which loans 1004 -5 -6 -7 -3.9 -3.9 -4.4
Securities other
than
shares 3593 19 32 24 6.4 6.1 5.6
4.2 Credit to other
euro
area residents 13356 -14 57 24 2.8 3.0 3.0
Loans 11054 -10 36 29 2.8 3.0 3.0
Securities other
than
shares 1519 10 1 0 4.9 5.1 6.1
Shares and other
equities 783 -14 0 -4 -1.3 -1.1 -1.4
5 External assets 844 25 -1 -13 N/A N/A N/A
6 Residual 413 43 -48 32 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.