Press Release - Monetary developments in the euro area: December 2016
The annual growth rate of the broad monetary aggregate M3 increased to 5.0% in December 2016, from 4.8% in November.
• The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, increased to 8.8% in December, from 8.5% in November.
• The annual growth rate of adjusted loans to households stood at 2.0% in December, compared with 1.9% in November.
• The annual growth rate of adjusted loans to non-financial corporations increased to 2.3% in December, from 2.1% in November.