Eurozone April M3 money supply +3.9% vs +3.7% y/y expected

• Prior +3.6%
• Loans to households Y/Y +1.9% vs +1.7% prior
• Loans to companies Y/Y +2.6% vs +2.3% prior

This is not a market moving release. The money supply growth should have been expected given the ECB easing.

This article was written by Giuseppe Dellamotta at www.forexlive.com.