Euro area money supply growth suggests the ECB interest-rate cuts should be over
via notayesmanseconomics This morning has brought news which suggests that the claimed pivot from some ECB policymakers would be sensible. Annual growth rate of broad monetary aggregate M3 increased to 3.6% in January 2025 from 3.4% in December (revised from 3.5%). In fact 3.6% is the latest level overall. averaging 3.6% in the three months up to …