Italy's private sector lending drops seventh month in a row in February

Source: RTT News

Bank lending to private sector in Italy declined for the seventh successive month in February despite a low level of interest rates in the country, a report revealed by the Bank of Italy showed on Tuesday. The report said that private sector lending dropped by 1.3% in February after it slipped 1.6% in the previous month, while household lending fell 0.7% on the month.


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