Bulgaria's M3 money supply growth accelerates to 13.6% y/y at end-March

Bulgaria's M3 money supply growth accelerates to 13.6% y/y at end-March

Bulgaria's M3, the broadest gauge of money supply, increased by 13.6% on the year to 116.7 billion levs ($71.9 billion/59.7 billion euro) at the end of March, compared to annual growth of 13.3% in a month earlier, the central bank said on Friday.

The narrowest measure of money supply, M1, rose 18% year-on-year to 86.5 billion levs at the end of March, following an 18.4% annual rise at the end of February, the Bulgarian National Bank said in a statement.

Net foreign assets added 14.7% on the year by the end of March, reaching 67.8 billion levs, while net domestic assets rose 9.1% to 71.4 billion levs.

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