May M1 down 4.9% yr/yr vs down 5.9% in April (Il Sole 24 Ore Radiocor) - Frankfurt, 27 Jun - In May, the annual growth rate of the broad monetary aggregate M3 increased to 1.6% from 1.3% in April, averaging 1.3% in the three months up to May, according to data released by the European Central Bank.

The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, stood at a negative 4.9% in May, compared with a negative 5.9% in April.

The annual growth rate of short-term deposits other than overnight deposits (M2M1) decreased to 14.7% in May from 15.6% in April. The annual growth rate of marketable instruments (M3-M2) decreased to 17.5% in May from 22.6% in April.

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(RADIOCOR) 27-06-24 10:22:44 (0226) 5 NNNN