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EUROPEAN CENTRAL BANK Kaiserstraße 29 60311 Frankfurt am Main, Germany http://www.ecb.int
Contact European Central Bank +49 69 13447455
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EUROPEAN CENTRAL BANK

Monetary developments in the euro area: October 2009

(PresseBox) (Frankfurt am Main, )
The annual rate of growth of M3 decreased to 0.3% in October 2009, from 1.8% in September 2009.1 The threemonth average of the annual growth rates of M3 over the period August 2009 - October 2009 decreased to 1.6%, from 2.5% in the period July 2009 - September 2009.

Regarding the main components of M3, the annual rate of growth of M1 decreased to 11.8% in October 2009, from 12.8% in September. The annual rate of change of shortterm deposits other than overnight deposits decreased to -7.2% in October, from -5.3% in the previous month. The annual rate of change ui fgnmurjcqv nbezazqfuha hluzqocxf my -29.4% zl Dlvfkky, gwdh -3.4% gt Lvthgahht.

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