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The annual growth rate of the broad monetary aggregate M3 decreased to 4.6% in December 2017, from 4.9% in November. The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, decreased to 8.6% in December, from 9.1% in November.

The annual growth rate of adjusted loans to households stood at 2.8% in December, unchanged from the previous month.The annual growth rate of adjusted loans to non-financial corporations decreased to 2.9% in December, from 3.1% in November.

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