An intermediate monetary aggregate that is calculated on the basis of the methodology of the European Central Bank and comprises M1 and deposits redeemable at a period of notice of up to and including three months (i.e. short-term savings deposits) and deposits with an agreed maturity of up to and including two years (i.e. short-term time deposits) in lats and foreign currencies held with MFIs by resident financial institutions, non-financial corporations, households and non-profit institutions serving households and local governments.
The definition of the concept is consistent with the methodology of the European Central Bank.