Money, credit and central bank interest rates is a digital
publication produced by European Central Bank and the
national central banks of the Eurosystem. The publication
aims to make it easier to understand, use and compare euro
area and national statistics. It presents the statistics
visually, uses reader-friendly terms, is digitally
reusable via the embed function and is available in 23 EU
The data are updated in real time and available from the
Statistical Data Warehouse.
Permission is hereby granted, free of charge, to any
person obtaining a copy of the work and associated
documentation files (the “Software”), to deal in the
Software without restriction, including without limitation
the rights to use, copy, modify, merge, publish,
distribute, sublicense, and/or sell copies of the
Software, and to permit persons to whom the Software is
furnished to do so, subject to the following conditions
The software is provided “as is”, without warranty of any
In no event shall the authors or copyright holders be
liable for any claim, damages or other liability, whether
in an action of contract, tort or otherwise, arising from,
out of or in connection with the Software or the use or
other dealings in the software.
The Software is built upon and made available by Eurostat.
The ECB/Eurostat does not take responsibility for any
replication of the content of the Software, or any other
form of redistribution.
The European System of Central Banks (ESCB) is committed
to providing its statistics free of charge as a public
good of high quality irrespective of any subsequent
commercial or non-commercial use. All publicly available
ESCB statistics may be reused free of charge on the
condition that the source is quoted (e.g. “Source: euro
area statistics”) and that the statistics (including
metadata) are not modified.
What does money do in the economy, and what does
money mean for central banks?
The most basic and intuitive form of money is cash –
banknotes and coins.
Money can also take the form of deposits held in bank
accounts by people (households) and companies.
Over the long term inflation and the increase in the
amount of money circulating in the economy should be