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M3 Money Supply

M3 Money Supply EMU

M3 Money Supply (EMU) is composed of the funds on check deposits, volume of cash in use, and deposits with outset levels of lower than 4 years. It is considered as one of the most important inflation indicators by Bundesbank and European Central Bank. In case the indicator exceeds the maximum accepted value, interest rates increase takes place. The data is published at the end of each month.

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