Eurozone monetary aggregate M3 expanded 10.5 percent on a yearly basis in October, slightly faster than the 10.4 percent rise posted in September, data released by the European Central Bank showed Thursday. At the same time, the annual rise in narrow measure, M1, remained unchanged at 13.8 percent in October. As regards the dynamics of credit, data showed that annual growth in credit to the private sector held steady at 4.9 percent in October. Adjusted loans to the private sector climbed 4.6 percent, the same rate as seen in September. Loans to households posted a stable growth of 3.1 percent. Meanwhile, growth in loans to non-financial corporations eased to 6.8 percent from 7.1 percent in the previous month.
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