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Europe Daily Bulletin No. 8015

27 July 2001
Contents Publication in full By article 34 / 40
GENERAL NEWS / (eu) eu/euro
M3 Monetary mass in Euro zone rose 6.1% in June

Brussels, 26/07/2001 (Agence Europe) - The annual rate of growth of monetary mass M3 (an advanced indicator for inflation closely followed by the ECB to define its monetary policy) in the Euro zone clearly accelerated in June, to 6.1%, against a revised progression on 5.1% one month earlier, announced the European Central Bank (ECB) on Thursday. This figure (not corrected for distortions links to the inclusion of monetary assets held by non-residents of the Euro zone, which contribute...

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