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Monetary and credit developments in 2011

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  • J. Montornès.
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    Abstract

    In 2011, the annual growth rate of euro area M3, which had turned positive in 2010 (1.7%), increased up until the summer of 2011 before falling back to 1.5% at the end of the year. Meanwhile, the French contribution to M3 stood at 3.3%, down sharply from the previous year (6.6%). Loans to the non-financial private sector continued to grow in France at a faster pace than in the euro area.

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    Bibliographic Info

    Article provided by Banque de France in its journal Quarterly selection of articles - bulletin de la Banque de France.

    Volume (Year): (2012)
    Issue (Month): 25 (Sring)
    Pages: 53-62

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    Handle: RePEc:bfr:quarte:2012:25:04

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    Keywords: money; lending for house purchases; loans to enterprises.;

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