FX.co ★ Estonia’s M3 Money Supply Rises to €30.7B in December, Extending Growth Trend

Estonia’s broad money indicator, M3, increased in December 2025, signaling continued monetary expansion in the economy. The M3 money supply reached €30.7 billion, up from €29.9 billion recorded in November 2025.

The fresh data, updated on 29 January 2026, suggest that liquidity in the Estonian financial system continued to grow at the end of 2025. The increase in M3 may reflect ongoing credit activity and deposit growth in the banking sector, factors closely watched by analysts for insights into future inflation dynamics and economic momentum.