Eurozone M3 money supply growth falls more than expected in January signalling another interest rate cut next week
Feb 26th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone M3 money supply growth -- a measure of cash and credit growth in the region and viewed as an indicator of future inflation - - fell more than expected in January, the European Central Bank reported on Thursday, signalling another interest rate cut next week, from the current benchmark rate of 2%.