Eurozone credit lending sees first rise since 2012

A register machine

Although slowly, Mario Draghi’s QE seems to be working despite the Greek woes. For the fist time since March 2012, credit lending to the eurozone households and companies increased last month.

The M3 money supply measure in the eurozone grew by 4.6% in March, the ECB said.

However, credit standards are still tighter than they were in Q2 2010, as note in the euro area last banking survey published two weeks ago.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

Be the first to comment on "Eurozone credit lending sees first rise since 2012"

Leave a comment