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The European Central Bank (ECB) released its M3 money supply figures on Wednesday. M3 money supply rose 4.6% in March from last year, exceeding expectations for a 4.2% gain, after a 4 % increase in February.
On a yearly basis, M3 money supply in the Eurozone climbed to 4.1% from 3.8% in the period from December to February.
Loans to the private sector in the Eurozone increased 0.1% in March from the last year, in line with expectations, after a 0.1% decline in February.
It was the first increase since March 2012.
The rise was driven by ECB's quantitative easing.
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