MW: Euro-zone annual M3 money supply grows 1% in Oct.
By William L. Watts
LONDON (MarketWatch) -- M3, the broadest measure of money supply in the 16-nation euro zone and the European Central Bank's most closely-watched measure of near-term inflation pressures, grew at a 1% annual rate in October, slowing from 1.1% in September, the ECB said Friday. Economists had forecast growth of 1.4%. The three-month average annual growth rate rose to 1.1% in the August-October period from 0.8% in the July-September period. Loans to the private sector grew at a 1.4% annual rate in October, up from 1.2% in September, the ECB said.
