FRANKFURT: Growth rates in money supply and private sector loans in the euro zone were sluggish in September, supporting the European Central Bank’s (ECB) careful approach to winding down measures designed to boost lending activity.
Underlining the still fragile nature of the single currency zone’s economic recovery, loans to the private sector rose 1.2% year-on-year, ECB data showed yesterday, missing a Reuters forecast for 1.4% growth.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!