Money Supply Growth Beats Estimates in Eurozone

The rate of money supply in the Eurozone increased in September, more than analysts had expected.

And data released by the European Central Bank today showed that the money supply in the Eurozone recorded a growth of 10.4% in September, compared with 9.5% growth in August.

Analysts had expected that the money supply in the Eurozone would grow by 9.6% last September.

The data revealed that loans granted to the private sector recorded 3.1% in September on an annual basis, compared with 3%, the previous month’s reading.