Euro zone lending growth edges up to new 2-year high
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FILE PHOTO: A view shows the European Central Bank (ECB) building, in Frankfurt, Germany October 27, 2022. REUTERS/Wolfgang Rattay/File Photo
FRANKFURT (Reuters) -Growth in euro zone bank lending accelerated to a fresh two-year high last month on the back of lower interest rates and a gradual economic recovery, European Central Bank data showed on Thursday.
Loans to households grew by 2.4% in July, the biggest increase since April 2023, from 2.2 in June. Credit to companies increased by 2.8% from 2.7%, marking its fastest pace since June 2023.
(Reporting By Francesco Canepa; Editing by Toby Chopra)
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