Friday, 1 March 2013

Sharp Reduction in Base Money, Euro area Monetary Base & Money Supply (as of 31.01.2013)

According to recent figures released by the ECB, base money in the euro area dropped by 5.93% in January 2013 compared to previous month. This left base money, now at €1.534126 trillion, at the lowest level since January last year.

M1, M2 and M3 money supply all continued to move higher, both on a monthly and yearly basis with M1 displaying the highest growth as it increased 0.48% compared to last month and 6.51% compared to last year.

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