P208 CEEFAX 208 Thu 24 Mar 13:57/11
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n1n1 |.% GERMAN MONEY
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5 News of anotheu huge leap in German j
5 money supply growth has failed to j
5 impress the Bundesbank. j
5 j
5 Citing "special factors" to explain j
5 the strong growth seen in December j
5 and January, the bank insisted that j
5 "monetar8 de6elopment1 (had) slowd$ j
5 somewhat in February". j
5 j
5 The figures suggest that M3 money j
5 supply grew at an annualised rate j
5 of 17.6% last month, after growing j
5 in January at a rate of 21.2%. j
5 j
5 The Bundesbank's target ranke for j
5 M3 growth in 1994 is 4% to 6%. j
5 j
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