Zone euro Masse monétaire 3M

M3 money supply in the Euro Area rose by 3.6% year-on-year to EUR 16.85 trillion in March 2025, following a downwardly revised 3.9% growth in the previous month and missing market expectations of 4%. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 3.8% in March from 3.4% in February. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 1.5% in March from 2.0% in February. The annual growth rate of marketable instruments (M3-M2) decreased to 11.3% in March from 18.0% in February.