FX.co ★ Estonia’s M3 Money Supply Edges Up to €31.4B in July 2026

Estonia’s broad money supply (M3) continued its gradual expansion in mid‑2026, rising to €31.4 billion in July from €31.2 billion in June, according to the latest data updated on 31 August 2026. The increase signals a modest uptick in liquidity within the Estonian financial system over the month.

The July 2026 reading extends the previous month’s level, suggesting a steady, if incremental, build‑up in deposits and other liquid assets captured by the M3 measure. While the change from June’s €31.2 billion is relatively small in absolute terms, market participants and policymakers will be monitoring whether this upward trend persists in the coming months as an indicator of evolving monetary conditions in Estonia.