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M1 (NARROW MONEY)

Statistics Directorate    
Definition:
The target definition for narrow money covers currency, i.e. banknotes and coins, as well as balances which can immediately be converted into currency or used for cashless payments, i.e. overnight deposits. Data should be measured on an end-of-period basis.

Source Publication:
European Central Bank.

Cross References:
M2
Monetary aggregates – OECD
Money supply

Statistical Theme: Financial statistics - Monetary aggregates

Created on Tuesday, September 25, 2001

Last updated on Tuesday, October 23, 2012