In the year to December, the broad measure of money supply fell by 0.2% in the euro zone and grew by just 3.4% in America.

去年12月，广义货币供给在欧元区同比下降了0.2%，在美国也不过增长了3.4%。

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Unlike the Federal Reserve, its older American cousin, it still collects and publishes estimates of M3, a broad measure of the money supply.

不像它的美国老兄弟美联储，欧洲央行依然在收集和发布对广义的货币供应指标M3的估值。

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And Capital Economics' measure of broad-money supply (M3) fell while QE was in operation.

此外，在定量宽松政策实施时，“资本经济”的广义货币供应量(M3)的衡量标准降低了。

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In Britain, for example, despite continued quantitative easing, the broad measure of money supply fell by 4.1% in the year to August.

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In the year to December, the broad measure of money supply fell by 0.2% in the euro zone and grew by just 3.4% in America.

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The broad M2 measure of money supply grew by 19.7%, exceeding the official target of 17%.

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