Published: 2024-04-26 14:24
Photo by Juan Medina (Reuters/Scanpix).
Bank lending to households in the euro area increased by 0.2% to 6.875 trillion in March compared to the same month a year earlier. EUR, according to data published by the European Central Bank (ECB) on Friday.
The growth is the most modest since 2015. February, and such a result reflects a significant slowdown in the euro zone economy, depressed consumption after the unprecedented previous tightening of monetary policy by the ECB, notes “Trading Economics”.
According to the regulator, business lending last month was 0.4% more solid than a year ago and reached 5.143 trillion. Eur.
The overall annual growth of private non-financial sector lending expanded from 0.7% in February to 0.8% in March.
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Theme “Markets”
Tags: Growth euro area lending households slowed modest years
