Expansion of European loans slowed down by crisis - News - Dukascopy Bank

Fri, 27 Jan 2012 16:57:14 GMT
Source: Forexfactory
 
© Scanpix/AFP
The growth of the European loans owed by businesses and households decreased in December amid worsening economic outlook in the region and credit tightening measures of banks. Private sector loans showed a 1% increase on an annual rate, reported the ECB. Moreover, the pace of growth in M3 money supply tumbled to 1.6% from 2%.



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