Monetary and credit developments in 2011
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.
Volume (Year): (2012)
Issue (Month): 25 (Spring)
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