28/08/2000 (Agence Europe) - In a press release of 28 August on the monetary developments in the Euro Area in July, the European Central bank indicated that, last month, the annual rate of growth of monetary mass M3 was 5.3% compared to 5.4% in June, while the three-month average was 5.3%. On a monthly basis, the M3 rose last July by EUR 12 billion, notes the ECB. (Further details on the "Latest monetary and financial statistics" page of the ECB web site: http: //www.ecb.int).