M3 money supply for Eurozone is the broadest monetary aggregate, adding large time deposits, institutional money funds, and short-term repurchase agreements to M2.
Why FX traders watch it
M3 encompasses institutional liquidity and is closely tracked by the ECB as part of its 'two-pillar' monetary analysis. Large swings in M3 can signal major shifts in financial system liquidity and credit conditions.
How to interpret the data
Accelerating M3 growth signals an expansion of credit and liquidity, which can be inflationary if output growth fails to keep pace. Decelerating M3 indicates tightening financial conditions and a reduction in credit availability.
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve Broad Money (M3) data for EUR from 2023:
GET https://fxmacrodata.com/api/v1/announcements/eur/m3?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
How often is Eurozone Broad Money (M3) updated?
Broad Money (M3) for Eurozone is released on a monthly schedule by European Central Bank (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Broad Money (M3) reported in?
The series is published in EUR bn. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source Eurozone Broad Money (M3) data?
Data is fetched directly from European Central Bank or the official national statistics publication for Eurozone. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Broad Money (M3) for Eurozone via the API?
Issue a GET request to /api/v1/announcements/eur/m3?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.