Euro Zone Bank Lending Growth Accelerates
Bank lending growth across the euro zone accelerated in July, reaching 4.4 percent for companies and 3.1 percent for households. The ECB data marks the first full month following the central bank's recent interest rate increase.
Bank lending growth across the euro zone accelerated in July, rising to 4.4% for corporate loans following the central bank's rate hike. The expansion marks the first full month of higher borrowing costs in nearly three years. Household borrowing also ticked higher during the period.
