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Bulgaria's M3 growth slows to 7.8% y/y at end-June

Bulgaria's M3 growth slows to 7.8% y/y at end-June Author: Emil A. Georgiev

SOFIA (Bulgaria), July 23 (SeeNews) - Bulgaria's M3, the broadest gauge of money supply, rose 7.8% year-on-year to 95.8 billion levs ($54.6 billion/ 49.0 billion euro) at the end of June, compared to an annual increase of 9.1% at the end of May, the central bank, BNB, said on Tuesday. 

The narrowest measure of money supply, M1, rose 12.5% on the year to 55.8 billion levs at the end of June, compared to a 13.5% annual rise at the end of May, BNB said in a statement.

Net foreign assets increased 11.8% year-on-year at the end of June, reaching 58.3 billion levs. Net domestic assets added 5.4% on the year to 58.8 billion levs.

Details follow (y/y pct change unless otherwise stated):

  end-June (mln levs) end-June end-May
M3 95,821 7.8 9.1
M1 55,768 12.5 13.5
M2-M1 40,053 2.1 3.8
Net foreign assets 58,287 11.8 11.0
Domestic assets 58,777 5.4 7.6

(1 euro = 1.95583 levs)

 

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