The annual growth rate of the broad monetary aggregate M3 decreased to 5.0% in May 2015, from 5.3% in April 2015. 1 The three-month average of the annual growth rates of M3 in the period from March 2015 to May 2015 increased to 5.0%, from 4.7% in the period from February 2015 to April 2015. Regarding the main components of M3, the annual growth rate of M1 increased to 11.2% in May 2015, from 10.5% in April. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was more negative at -4.2% in May, from -3.3% in the previous month. The annual growth rate of marketable instruments (M3-M2) ... (full story)