Pantheon Macroeconomics - Bullish money supply data last week added to the evidence that the Eurozone's business cycle is strengthening. Broad money growth--M3--rose to 5.3% year-over-year in October from 4.9% in September. Most of the increase came from a surge in short-term debt issuance, rising 8.4% year-over-year, following an inexplicable 1.4% fall in September.

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30 Nov. 2015 Bullish Economic Data Will Not Deter the ECB this Week

By Claus Vistesen

Bullish money supply data last week added to the evidence that the Eurozone's business cycle is strengthening. Broad money growth--M3--rose to 5.3% year-over-year in October from 4.9% in September. Most of the increase came from a surge in short-term debt issuance, rising 8.4% year-over-year, following an inexplicable 1.4% fall in September.

Posted: 30th Nov 2015 in 'Eurozone Documents'

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Keywords for: Eurozone Documents | 30 Nov. 2015 Bullish Economic Data Will Not Deter the ECB this Week

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