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Thursday, 3 January 2013

Euro area Monetary Base & Money Supply (as of 30.11.2012)

The European Central Bank (ECB) reported its monetary statistics for the euro area for the period ending November on 2 January 2013.

Base money continued to increase substantially on last year, but over the last nine months it has been relatively stable. Compared to previous month it dropped 2.6% however, the third consecutive month of declines on previous month. The M1 monetary aggregate also continued to increase on last year and at 6.7% it was the biggest YoY percentage increase since August 2010. It increased 0.4% on previous month. The M2 money supply continued its upward climb increasing 4.6% on November last year, the largest YoY percentage increase since July 2009. The value of M1 and M2 both hit new all-time highs for the month, while base money was 8.09% lower than the all-time high hit in June 2012.