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Europe Daily Bulletin No. 8472

29 May 2003
Contents Publication in full By article 33 / 41
GENERAL NEWS / (eu) eu/economy
Record growth in money supply in Euro zone

Brussels, 28/05/2003 (Agence Europe) - While it was forecasted that investors progressively cease amassing liquidities, the European Central Bank (ECB) revealed on Wednesday that the money supply M3 had experienced unprecedented growth in April. The rise in M3 money supply as an annual change reached 8.7% in April, after 7.9% in March, while, on average over three months, it rose from 7.7 to 8.2%. The figures for money supply should not significantly influence decisions on interest rates...

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