Eurozone M3 money supply rose 3.3% year-on-year to €17,344.7 billion in January 2026, up from 2.8% in December and surpassing market expectations of 2.9%. The narrower M1 aggregate, which includes currency in circulation and overnight deposits, rose 5.3% annually, up from 4.7% in December. In contrast, short-term deposits excluding overnight deposits (M2-M1) declined 0.6% year-on-year in January, slightly steeper than December’s -0.4%. Meanwhile, marketable instruments (M3-M2) rebounded, growing 1.6% annually after a 0.6% contraction in December. source: European Central Bank

Money Supply M3 In the Euro Area increased to 17344679 EUR Million in January from 17206690 EUR Million in December of 2025. Money Supply M3 in Euro Area averaged 7103893.21 EUR Million from 1980 until 2026, reaching an all time high of 17446547.00 EUR Million in March of 2026 and a record low of 1097404.00 EUR Million in January of 1980. This page provides the latest reported value for - Euro Area Money Supply M3 - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Money Supply M3 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-26 09:00 AM
M3 Money Supply YoY
Feb 3% 3.3% 3.3% 3.4%
2026-04-29 08:00 AM
M3 Money Supply YoY
Mar 3.2% 3% 3.1% 2.9%
2026-05-29 08:00 AM
M3 Money Supply YoY
Apr 3.2% 3.2%


Related Last Previous Unit Reference
Central Bank Balance Sheet 6196001.00 6215651.00 EUR Million May 2026
Deposit Facility Rate 2.00 2.00 percent Apr 2026
Foreign Exchange Reserves 123.42 128.36 USD Billion Mar 2026
ECB Interest Rate 2.15 2.15 percent Apr 2026
Marginal Lending Rate 2.40 2.40 percent Apr 2026
Loans to Households YoY 3.00 3.00 percent Mar 2026
Loans to Non-financial Corporations 5383072.00 5356270.00 EUR Million Mar 2026
Longer-Term Refinancing Operations 10.57 11.23 EUR Billion Dec 2025
Money Supply M0 4180377.00 4243226.00 EUR Million Mar 2026
Money Supply M1 11279794.00 11234619.00 EUR Million Mar 2026
Money Supply M2 16277495.00 16244574.00 EUR Million Mar 2026
Money Supply M3 17446547.00 17367374.00 EUR Million Mar 2026
Refinancing Operations 10.65 10.04 EUR Billion Dec 2025


Euro Area Money Supply M3
Euro Area Money Supply M3 is the sum of M2, repurchase agreements, money market fund shares/units and debt securities with a maturity of up to two years.
Actual Previous Highest Lowest Dates Unit Frequency
17446547.00 17367374.00 17446547.00 1097404.00 1980 - 2026 EUR Million Monthly
Current Prices, SA

News Stream
Eurozone M3 Money Supply Accelerates in January
Eurozone M3 money supply rose 3.3% year-on-year to €17,344.7 billion in January 2026, up from 2.8% in December and surpassing market expectations of 2.9%. The narrower M1 aggregate, which includes currency in circulation and overnight deposits, rose 5.3% annually, up from 4.7% in December. In contrast, short-term deposits excluding overnight deposits (M2-M1) declined 0.6% year-on-year in January, slightly steeper than December’s -0.4%. Meanwhile, marketable instruments (M3-M2) rebounded, growing 1.6% annually after a 0.6% contraction in December.
2026-02-26
Euro Area M3 Growth Slows
The Euro Area’s M3 money supply rose by 2.8% year-on-year to a new record high of €17.23 trillion in December 2025, following a 3% increase in November and below market estimates for 2.8% growth. The narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased 4.7%, below 5% in the previous month. Meanwhile, short-term deposits other than overnight deposits (M2-M1) fell 0.4% in December, compared with a 0.8% fall in November. Marketable instruments (M3-M2) were down 1%, after a 1.5% rise in November.
2026-01-29
Eurozone M3 Money Supply Hits New High
The Euro Area’s M3 money supply rose by 3% year-on-year to a fresh peak of €17.2 trillion in November 2025, following a revised 2.9% increase in October and above market estimates for 2.7% growth. The narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 5% in November from 5.2% in October. Meanwhile, short-term deposits other than overnight deposits (M2-M1) fell at a slower 0.8% in November, compared with a 1.8% decline in October. The annual growth rate of marketable instruments (M3-M2) increased to 1.6% in November from 1.4% in October.
2026-01-02