Annual growth in M3 continues to be mainly supported by its most liquid components, with the narrow monetary aggregate M1 growing at an annual rate of 10.5% in January, after 10.8% in December. 2  BIS central bankers’ speeches  Loan dynamics continued the path of gradual recovery observed since the beginning of 2014.
These core central bank tasks in the field of financial stability are accompanied by new cooperation mechanisms between the Central Bank and the other prudential supervisors 13 granting the Central Bank access to full supervisory information.