M3 Money Supply. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), December data on the M3 Money Supply in the Eurozone will be published. It calculates all currency in circulation, bank deposits, repurchase agreements, and the value of money market shares. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. The negative dynamics is expected to slow down from -0.9% to -0.7% YoY.

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