Euro Area Monetary Aggregates
January 2026
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Last update:Euro area monetary aggregate M1 varied by +1.20% in January 2026 in a monthly basis. Over the last 12 months, M1 varied by +5.95%.
M1 components, which are currency and overnight deposits, experienced an annual variation of +6.52% and +2.64% respectively:
| November 2025 | December 2025 | January 2026 | |
| Currency | +2.26% | +2.12% | +2.64% |
| M1 | +4.96% | +4.61% | +5.95% |
| M2 | +3.18% | +3.03% | +4.00% |
| M3 | +3.10% | +2.56% | +3.44% |
| Overnight deposits | +5.42% | +5.04% | +6.52% |
M1Overnight depositsCurrency
Percentage Annual VariationShaded area = recession