The annual growth rate of the broad monetary aggregate M3 decreased to 4.8% in July 2016, from 5.0% in June. • The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, decreased to 8.4% in July, from 8.7% in June. • The annual growth rate of loans to households stood at 1.8% in July, unchanged from the previous month. • The annual growth rate of loans to non-financial corporations increased to 1.9% in July, from 1.7% in June. The annual growth rate of the broad monetary aggregate M3 decreased to 4.8% in July 2016, from 5.0% in June, averaging 4.9% in the ... (full story)