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ECB Monetary developments in the euro area

Monetary developments in the euro area: February 2016

• The annual growth rate of the broad monetary aggregate M3 stood at 5.0% in February 2016, unchanged from the previous period.
• The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, decreased to 10.3% in February, from 10.5% in January.
• The annual growth rate of loans to households stood at 1.6% in February, after 1.4% in January.
• The annual growth rate of loans to non-financial corporations increased to 0.9% in February, from 0.6% in January.

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