But today's credit report means ECB will have to tread carefully when it comes to reducing the degree of monetary accommodation.The euro area M3 and credit report for February was slightly disappointing overall. Broad money growth (M3) eased from 4.8% to 4.7% y-o-y. Bank loans to non-financial corporations fell back to 2.0% y-o-y in February, from 2.3% in January, as a result of weaker lending flows across the region.Notwithstanding this modest setback, the euro area credit cycle remains...
Read More »Euro area credit growth slowed in March, but Q1 very strong overall
Macroview Bank lending grew at a record pace in Q1, in spite of challenging environment for banks Read the full report here The expansion of bank credit to euro area non-financial corporations slowed in March, to EUR 1bn compared with a rise of EUR 24bn in January and EUR 19bn in February. By contrast, credit to households continued to increase at a decent pace in March and was slightly stronger than in previous months. Although credit flows eased in March, the three-month moving...
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