Lending to eurozone companies accelerated for the fourth consecutive month in December, reversing the decline in the middle of the year, according to data released by the European Central Bank on Friday, as reported by Reuters.
Lending to eurozone businesses rose 4.2% last month, up from 2.9% in November, but the growth rate remained well below the 7.1% recorded a year earlier. Meanwhile, the growth rate of household borrowing slowed to 4.1% from 4.2%, maintaining a broad overall picture since June.
The annual growth rate of M3 money supply measurement, mostly a reflection of the ECB’s abundant bond markets, slowed to 6.9% from 7.4%, just ahead of market expectations for growth of 6.8%.
Source From: Capital
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