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Monetary policy statement (222 KB)
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ECB s Governing Council approves its new monetary policy strategy
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Monetary developments in the euro area: March 2021
05/03/2021 | 04:15am EDT
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Message : Monetary developments in the euro area: March 2021 Annual growth rate of broad monetary aggregate M3decreased to 10.1% in March 2021 from 12.2% in February (revised from 12.3%) Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 13.6% in March from 16.4% in February Annual growth rate of adjusted loans to householdsincreased to 3.3% in March from 3.0% in February Annual growth rate of adjusted loans tonon-financialcorporationsdecreased to 5.3% in March from 7.0% in February Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 decreased to 10.1% in March 2021 from 12.2% in February, averaging 11.6% in the three months up to March. The components of M3showed the following developments. The a
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