Euro area monetary growth slowed in April 2026, with the broad aggregate M3 rising 2.7% year‑on‑year, down from 3.2% in March. The narrower M1, which includes currency in circulation and overnight deposits, grew 3.8% versus 4.7% in March. Short‑term deposits other than overnight deposits increased 0.8%, while marketable instruments fell to 1.1%. Loans to households remained steady at 3.0%, whereas loans to non‑financial corporations rose to 3.4%. Deposits held by households grew 2.9% and those by non‑financial corporations fell to 3.8%. Investment fund deposits contracted 5.7%. Adjusted loans to the private sector were unchanged at 3.5%. On the counterpart side, claims on euro‑area residents grew 2.0% year‑on‑year, while claims on general government fell 0.4%.
© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).
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