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. source: European Central Bank

Money Supply M3 In the Euro Area increased to 17230703 EUR Million in December from 17192692 EUR Million in November of 2025. Money Supply M3 in Euro Area averaged 7048074.37 EUR Million from 1980 until 2025, reaching an all time high of 17230703.00 EUR Million in December of 2025 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 February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-02 09:00 AM
M3 Money Supply YoY
Nov 3% 2.8% 2.7% 2.7%
2026-01-29 09:00 AM
M3 Money Supply YoY
Dec 2.8% 3% 3% 3.0%
2026-02-26 09:00 AM
M3 Money Supply YoY
Jan 2.8% 2.8%


Related Last Previous Unit Reference
Central Bank Balance Sheet 6255953.00 6289997.00 EUR Million Feb 2026
Deposit Facility Rate 2.00 2.00 percent Feb 2026
Foreign Exchange Reserves 124.87 115.98 USD Billion Jan 2026
ECB Interest Rate 2.15 2.15 percent Feb 2026
Marginal Lending Rate 2.40 2.40 percent Feb 2026
Loans to Households YoY 3.00 2.90 percent Dec 2025
Loans to Non-financial Corporations 5324307.00 5300835.00 EUR Million Dec 2025
Longer-Term Refinancing Operations 10.57 11.23 EUR Billion Dec 2025
Money Supply M0 4248919.00 4337411.00 EUR Million Dec 2025
Money Supply M1 11087922.00 11058080.00 EUR Million Dec 2025
Money Supply M2 16073522.00 16024591.00 EUR Million Dec 2025
Money Supply M3 17230703.00 17192692.00 EUR Million Dec 2025
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
17230703.00 17192692.00 17230703.00 1097404.00 1980 - 2025 EUR Million Monthly
Current Prices, SA

News Stream
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
Eurozone M3 Money Supply Hits Record High
The Euro Area’s M3 money supply rose 2.8% year-on-year to a record €17.09 trillion in October 2025, matching September’s pace and in line with market expectations. The narrower M1 aggregate, which includes currency in circulation and overnight deposits, saw its annual growth accelerate to 5.2% in October from 5.0% in September. Meanwhile, short-term deposits excluding overnight accounts (M2–M1) fell at a slower pace, with an annual rate of -1.8% compared with -2.1% in September. In contrast, the growth of marketable instruments (M3–M2) slowed to 1.9% in October, down from 4.3% the previous month. This mixed performance highlights continued expansion in the most liquid components of the money supply, while broader medium-term instruments showed a notable slowdown.
2025-11-27