Euro zone loan growth slows
Growth in lending to the eurozone’s private sector slowed in November, the first month after the European Central Bank relaunched its controversial bond-buying scheme, data from the Frankfurt institution showed Friday.
Credit grew by 3.6 percent year-on-year in November, a pace 0.1 percentage points below October’s reading, the ECB said.
Growth in lending to businesses fell to 3.4 percent, while the rate of expansion in credit to households was at 3.5 percent.
Governors decided last year to relaunch their “quantitative easing” (QE) bond-buying scheme at 20 billion euros ($22.3 billion) per month from November.
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