M2 money supply for Eurozone adds savings accounts, money market funds, and small time deposits to M1, providing a broader measure of the money stock. It is the most commonly referenced broad money aggregate in policy analysis.
Why FX traders watch it
M2 growth is a key input to monetarist models of inflation. The European Central Bank monitors M2 to assess the pace of credit creation and liquidity in the economy. Rapid M2 expansion can be a precursor to inflation.
How to interpret the data
Above-trend M2 growth over 6–12 months is a medium-term inflation risk and can support a hawkish European Central Bank stance, which is eur-positive. Contracting M2 (as seen in some post-QE tightening periods) signals deflationary pressure.
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 Oferta Monetaria M2 data for EUR from 2023:
GET https://fxmacrodata.com/api/v1/announcements/eur/m2?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
How often is Eurozone M2 Money Supply updated?
M2 Money Supply 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 M2 Money Supply 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 M2 Money Supply 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 M2 Money Supply for Eurozone via the API?
Issue a GET request to /api/v1/announcements/eur/m2?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.