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Bulgaria's M3 money supply growth speeds up to 8.5% y/y in Oct

Nov 25, 2019, 3:30:40 PMArticle by Aleksia Petrova
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SOFIA (Bulgaria), November 25 (SeeNews) - Bulgaria's M3, the broadest gauge of money supply, increased 8.5% year-on-year to 100.3 billion levs ($56.5 billion/51.3 billion euro) in October, after rising 8.3% in September, the central bank, BNB, said on Monday. 

Bulgaria's M3 money supply growth speeds up to 8.5% y/y in Oct
Author: Emil A. Georgiev

The narrowest measure of money supply, M1, rose 12.9% on the year to 59.5 billion levs in October, compared to a 12.8% rise in September, BNB said in a statement.

Net foreign assets increased 6% year-on-year, reaching 59.3 billion levs at the end of October. Net domestic assets added 12% on the year to 62.5 billion levs.

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

  end-Oct (mln levs) end-Oct end-Sept
M3 100,262 8.5 8.3
M1 59,515 12.9 12.8
M2-M1 40,747 2.6 2.4
Net foreign assets 59,325 6.0 6.4
Net domestic assets 62,491 12.0 11.9

source: BNB

(1 euro = 1.95583 levs)

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