By / July 17, 2015

– Development of M3 and inflation rate HICP in the euro area (2007-15), annual growth rate in per cent

– Development of M3 and inflation rate HICP in the euro area (2007-15),
annual growth rate in per cent

- Development of M3 and inflation rate HICP in the euro area (2007-15), annual growth rate in per cent

Ideally, the average rate of increase of the broad monetary aggregate M3 of 4.5% per annum (by taking into account the velocity of money circulation), would deliver around 2% inflation and real GDP growth of at least 2% per annum.


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