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Eurozone M3 money supply rises 4% in Feb

Eurozone M3 money supply rises 4% in Feb
Photo Credit: Arabianeye-Reuters

The euro zone's M3 money supply rose at annualised rate of 4.0% last month, up from 3.7% in January, according to official data issued Thursday.

In a report, the European Central Bank said loans to the private sector declined at a pace of 0.1% annually in February, compared to expectations for a 0.1% increase, after falling 0.2% in January.