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Bulgaria's M3 money supply growth speeds up to 8.3% y/y at end-Sept

Oct 23, 2019, 2:12:50 PMArticle by Mario Tanev
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October 23 (SeeNews) - Bulgaria's M3, the broadest gauge of money supply, increased 8.3% year-on-year to 99.2 billion levs ($56.4 billion/50.7 billion euro) at the end of September, down from an annual growth rate of 7.7% at the end of August, the central bank, BNB, said on Tuesday.

Bulgaria's M3 money supply growth speeds up to 8.3% y/y at end-Sept
Author: simonyfotojones. Licence: Creative Commons.

The narrowest measure of money supply, M1, rose 12.8% on the year to 58.5 billion levs at the end of September, compared to a 12.0% annual rise at the end of August, BNB said in a statement.

Net foreign assets increased 6.4% year-on-year at the end of September, reaching 59.2 billion levs. Net domestic assets added 11.9% on the year to 61.8 billion levs.

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

end-Sept (mln levs) end-Sept end-Aug
M3 99,207 8.3 7.7
M1 58,505 12.8 12.0
M2-M1 40,701 2.4 2.2
Net foreign assets 59,178 6.4 6.8
Domestic assets 61,755 11.9 10.6

source: BNB

(1 euro = 1.95583 levs)

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