Eurozone lending gathers steam: ECB
Credit conditions in the eurozone continued to ease in July, with bank lending to the private sector growing 0.9% compared to the same month last year, figures published Thursday by the European Central Bank (ECB) revealed.
Lending to the private sector, which includes banks and non-financial businesses, picked up in July compared to June, when the annual rate of growth stood at 0.5%. The increase was led by a slowdown in the contraction of lending to non-financial firms, which reached -1.3%
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