The following are the most important monetary developments in the Eurozone during November 2017:
• The average annual M3 money supply stood at 9% against the October reading of 5.0%. The last three months averaged 5.0%.
• The annual rate of M1 money supply, which includes currency and overnight deposits, was 9.1%, down from 9.4% recorded in October.
• The annual rate of adjusted loans for households was 2.8% compared to October's reading of 2.7%.
• The annual rate of adjusted loans for non-financial institutions increased from 2.9% to 3.1%.
• The growth rate of short-term deposits other than overnight deposits was -2.5%.
