EventsEventsPodcasts
Loader
Find Us
ADVERTISEMENT

Bank lending kept growing briskly in euro zone last month

Bank lending kept growing briskly in euro zone last month
Bank lending kept growing briskly in euro zone last month Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
Share this articleComments
Share this articleClose Button

(Corrects M3 growth in paragraph 3 to 6.3%, not 6.4%)

FRANKFURT - Bank lending to euro zone households and companies kept rising at a brisk pace in February even as the supply of fresh money slowed along with the European Central Bank's bond purchases, ECB data showed on Friday.

Growth in lending to household inched to a new post-crisis high of 4.3% year over year while credit to companies increased by 4.4%, in line with the previous month.

The M3 measure of money circulating in the euro zone grew by 6.3%, the slowest pace in two years - that is before the ECB boosted its bond purchases to respond to the coronavirus pandemic.

Russia's invasion of Ukraine in late February was widely seen as having worsened the economic outlook for the euro zone, which relies on Russia for much of its imports of gas and some other commodities.

Share this articleComments

You might also like