December 2017 Eurozone M3 money supply and loan growth 26 January 2018

  • Prior 4.9%
  • Household loans 2.8% unch
  • Loans to non-financials 2.9% vs 3.1% prior

The transmission of QE through to the economy is what QE is all about and these are the figures the ECB monitor. Loans have been sitting at multi-year highs, further enhancing the improving economy. We’re still way way below pre-crisis levels though.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
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Ryan Littlestone

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