Loan growth to eurozone businesses slows in Oct | The Daily Star
12:00 AM, November 29, 2018 / LAST MODIFIED: 12:06 AM, November 29, 2018

Loan growth to eurozone businesses slows in Oct

Growth in lending to businesses in the 19-nation euro area slowed in October, European Central Bank data showed Wednesday, in a further sign of stuttering expansion in the bloc.

Adjusted for some purely financial transactions, growth in lending to non-financial firms fell to 3.9 percent year-on-year in October, down 0.4 points compared with the previous month. With growth in loans to households steady at 3.3 percent, business accounted for all of a 0.1-percentage-point slowdown in overall private sector credit growth, to 3.3 percent.

The ECB eyes closely the pace of growth in lending to judge the effectiveness of its policies to pump cash through the financial sector and into the real economy -- intended to power expansion and push inflation towards its target of just below 2.0 percent.

Policymakers are widely expected next month to remove one pillar of easy-money policy, mass purchases of government and corporate bonds, which have amounted to almost 2.6 trillion euros ($2.9 trillion) since 2015.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top