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Bulgaria Continues Expansive Monetary Policy
Politics ♦
Published: January 14, 2013; 11:24 ♦ (Vindobona)
In November money supply measured by means of the aggregate M3 returned to a more accelerated growth: 10.1% on an annual basis, Raiffeisen Research states.
Bulgaria Continues Expansive Monetary Policy / Picture: © Vindobona.org
The acceleration resulted to some extent from the low base of November 2011 when the growth of the indicator was relatively weaker. Two components contributed the most to this increase – overnight deposits and deposits with agreed maturity up to two years, respectively with 3.7 p. p. and 3.4 p. p. Smaller in size but close in values between each other were the…
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