Bulgaria's M3 money supply growth speeds up to 12.7% y/y in Jan

Bulgaria's M3 money supply growth speeds up to 12.7% y/y in Jan

Bulgaria's M3, the broadest gauge of money supply, increased by 12.7% on the year to 114.4 billion levs ($71.1 billion/58.5 billion euro) at the end of January, compared to annual growth of 10.9% in a month earlier, the central bank said on Tuesday.

The narrowest measure of money supply, M1, rose 17.1% year-on-year to 84.5 billion levs at the end of January, following a 35.8% annual rise at the end of December, BNB said in a statement.

Net foreign assets added 16.7% on the year by the end of January, reaching 67 billion levs, while net domestic assets rose 6.7% to 70.1 billion levs.

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