Monetary Base of the euro zone has high annual 4.4% in October – the State of Minas

Frankfurt, 28 – The monetary base (M3) of the euro area, a broad measure of the money available in the block, has risen to 4.4% in October before same month last year, according to data published today by the European Central Bank (ECB). The result came below the expectation of analysts polled by The Wall Street Journal, which predicted high of 4.9%.In the moving average from three months to October, the money supply recorded a increase of 4.8%, also short of the projection of the market, of 5%.

The granting of loans to enterprises, in turn, grew 2.1% in annual comparison in October, after advancing 2% in September. Already the loans to households went up by 1.8%, matching the September result. Source: Dow Jones Newswires.