Euro zone lending growth accelerates further, ECB data shows
Tweet
Share
E-mail
FILE PHOTO: An aerial view shows the financial and business district of La Defense, near Paris, France, July 10, 2024. REUTERS/Gonzalo Fuentes/File Photo
FRANKFURT (Reuters) - Euro zone lending growth accelerated further last month, suggesting that credit growth bottomed out in late 2024 and a mild expansion is now underway as interest rates fall, European Central Bank data showed on Thursday.
Lending to firms expanded by 2.2% in February, its best level since mid-2023, and above the 2.0% growth a month earlier, the ECB said. Credit to households meanwhile grew by 1.5% after 1.3% a month earlier.
The M3 measure of money circulating in the bloc, often an indicator of future economic activity, grew by 4.0% in February after 3.8% in January, above expectations for 3.8%.
(Reporting by Balazs Koranyi; Editing by Peter Graff)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump, allies working on plan to void his impeachments, WSJ reports
- Adobe CFO exit fans strategy worries despite outlook raise
- Iran says no final decision made on possible US agreement, IRNA says
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
