Swiss Economicblogs.org
The euro area M3 and credit report strengthened in December after a few months of weakness. However, the latest Bank Lending Survey signalled more modest gains in credit flows in the months ahead.Euro area credit flows to non-financial corporations increased again in December, by EUR13 bn in adjusted terms. The large rebound in long-terms loans, in particular, bodes well for business investment spending.With loans to households still expanding at a healthy pace (+EUR9 bn in December), the...
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