Lending in eurozone falls in December but at slower pace
[FRANKFURT] Lending to households and firms in the eurozone fell by 0.5 per cent in December, but at a slower pace than in the previous month, while money supply grew by 3.6 per cent, the European Central Bank said on Thursday.
Sparce lending to companies continues to dog the struggling economy of the 19-country eurozone.
Last week, the ECB laid down a plan to spend hundreds of billions of euros on government bonds.
In monthly 60 billion-euro installments from March, the ECB will buy chiefly government debt at least until September of next year, or as long as is needed to revive inflation, which recently swung into reverse.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month