Romania's M3 money supply grows 8.5% y/y in Aug

September 25 (SeeNews) - Romania’s central bank said that M3, the broadest gauge of money supply, grew by a nominal 8.5% year-on-year to 626 billion lei ($133.8 billion/126 billion euro) in August, speeding up from an annual growth rate of 8% in July.

On a monthly comparison basis, M3 money supply edged up 0.6% in August, the central bank, BNR, said in a monthly monetary statistics report on Monday.

In real terms, M3 narrowed by 0.8% on the year in August, while inching up by 0.1% on the month.

Romania’s M1 monetary aggregate decreased by 3.9% on the year in August, to 387.9 billion lei, after a 5.5% drop in July.

Net foreign assets rose by an annual 17.8% in August, reaching 294.9 billion lei, while net domestic assets edged up by 1.4% to 331.1 billion lei.

Details follow (millions of lei, nominal change in percent):

Source: BNR

(1 euro=4.96844 lei)