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Monetary developments in the euro area: January 2026

From ecb.europa.eu

Annual growth rate of broad monetary aggregate M3 increased to 3.3% in January 2026 from 2.8% in December. Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 5.3% in January from 4.7% in December. Annual growth rate of adjusted loans to households stood at 3.0% in January, unchanged from previous month. Annual growth rate of adjusted loans to non-financial corporations decreased to 2.8% in January from 3.0% in December. The annual growth rate of the broad monetary aggregate M3 increased to 3.3% in January 2026 from 2.8% in December, averaging ... (full story)

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