loan growth in eurozone private sector improves
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

In welcome news for the ailing Eurozone

Loan growth in eurozone private sector improves

Arab Today, arab today

Arab Today, arab today Loan growth in eurozone private sector improves

In July, approved loans rose 1.3 percent from a year ago
Frankfurt - Arab Today

Loans to the private sector in the euro area edged up slightly in July, European Central Bank data showed on Friday, in welcome news for the ailing eurozone. 

For the ECB, the statistics are a key indicator of the economic health of the single currency area, as borrowing is a main financing source for corporate investment which in turn should boost the eurozone's currently weak economy.

In July, approved loans rose 1.3 percent from a year ago, slightly faster than growth of 1.2 in June, an ECB statement said.

When certain strictly financial transactions are stripped out, the growth in loans also increased, with credit accorded to households and companies up 2.0 percent in July after a rise of 1.9 percent in June. 

The ECB has launched a raft of policy measures to get credit flowing, most significantly a massive programme to buy public sector bonds to pump liquidity into the system.

The ECB beefed up that programme earlier this year and also launched a scheme of ultra-cheap loans to banks on condition they lend them on to households and businesses.

Growth in the overall money supply, known as M3, slowed slightly to 4.8 percent in July, down from the 5.0 percent recorded in June, the ECB said.

The ECB regards M3 money supply as a barometer for future inflation.

Analysts said the report could ease pressure on the ECB to take further action to boost the economy at its governing council meeting next month. 

"The ECB will likely be pretty pleased with the July credit data, and it modestly dilutes the case for further stimulus at the 8 September policy meeting," Howard Archer of IHS Global Insight said. 

SourcE: AFP

arabstoday
arabstoday

GMT 11:43 2016 Wednesday ,09 November

House 'Trump slump' hits markets

GMT 12:05 2016 Thursday ,20 October

European equities aim higher before ECB

GMT 12:54 2016 Thursday ,25 August

German firms see Brexit clouds approaching

GMT 13:10 2016 Friday ,12 August

Germany stokes growth hopes

GMT 13:14 2016 Tuesday ,09 August

Stocks advance on positive data
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

loan growth in eurozone private sector improves loan growth in eurozone private sector improves

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

loan growth in eurozone private sector improves loan growth in eurozone private sector improves

 



GMT 12:47 2016 Thursday ,01 September

'La La Land' musical masterpiece dazzles Venice film fest

GMT 12:42 2017 Monday ,20 February

Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'

GMT 19:01 2017 Wednesday ,30 August

Oil prices down as US reels from Harvey

GMT 04:19 2017 Monday ,08 May

National forces attack mercenaries in Taiz

GMT 19:21 2017 Sunday ,07 May

Iranian Film Week opens in Baghdad

GMT 21:33 2017 Sunday ,30 July

Arab Quartet meeting kicks off in Bahrain

GMT 17:17 2016 Friday ,07 October

Aleppo bleeds as US and Russia spar

GMT 12:03 2015 Monday ,21 December

Nepal protester killed in constitutional crisis clash

GMT 09:47 2016 Thursday ,22 December

Trump vows to cut F-35 spending, as leaked memo

GMT 21:44 2017 Friday ,15 December

King establishes Hawar Development Committee

GMT 20:57 2017 Tuesday ,16 May

Naval Forces rescue 23 tourists in Hurghada

GMT 12:56 2017 Monday ,11 December

Lyon leave it late, Balotelli with Nice winner

GMT 06:18 2017 Thursday ,19 October

Russian delegation meets with Julphar chairman

GMT 21:20 2017 Monday ,23 October

Nasr, delegation of London Stock Exchange
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday