Bulgaria's M3 money supply growth slows down to 9% y/y at end-Oct

Bulgaria's M3 money supply growth slows down to 9% y/y at end-Oct

Bulgaria's M3, the broadest gauge of money supply, rose by an annual 9.0% to 109.3 billion levs ($66.4 billion/55.9 billion euro) at the end of October, down from an annual growth rate of 9.3% at the end of September, the central bank said on Tuesday.

The narrowest measure of money supply, M1, jumped 34.1% on the year to 79.8 billion levs at the end of October, following a 35% annual rise at the end of the previous month, BNB said in a statement.

Net foreign assets increased 14% year-on-year at the end of October, reaching 67.6 billion levs, while net domestic assets added 3.2% to 64.5 billion levs.

 

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