Featured statistic: EUR 200 billion

Date 29 April 2008

Since recently the Dutch contribution to the euro area money supply breaks down into the three more or less equal components: EUR 200 billion in overnight deposits of mainly households and enterprises; another EUR 200 billion by way of short-term deposits - mainly easily redeemable household deposits, which also include, e.g., internet accounts and bonus accounts - and the final EUR 200 billion are the deposits with agreed maturities of up to 2 years of the entire private sector. Besides households and enterprises, this category also comprises insurance corporations, pension funds and other financial institutions.

Chart Dutch contribution to euro area money supply (main components, in EUR billion)

The amount of short-term deposits has been gradually declining for some time now, reaching the level of overnight deposits by mid 2007. More remarkable is the sharp rise in fixed deposits from EUR 100 billion two years ago to EUR 200 billion now. This increase is related to the development and working methods of other financial institutions. For households, the rising interest rates on fixed deposits are the principal reason for the shifts being perceived.