Eurozone loan growth slows in January

  • News Digest
- AFP, FRANKFURT AM MAIN

Feb 28, 2019-

Lending to the private sector in the eurozone decelerated in January, ECB data showed Wednesday, as the withdrawal of a central bank stimulus last year begins to show its impact. Borrowing among eurozone firms and households grew by three percent year-on-year in January, according to European Central Bank data after adjusting for some financial transactions. In December, the growth was at 3.4 percent. Growth in loans to households held at 3.2 percent in January, unchanged from the previous month. But that of adjusted loans to non-financial companies declined to 3.3 percent in January from 3.9 percent in December. The data showing less lending flowing to non-financial companies came after the ECB wound down mass purchases of government and corporate bonds, known as “quantitative easing”. 

Published: 28-02-2019 13:04

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