%ECB rates
ECBRATES
▲ PositiveMonetaryrelevance
ECB rate hike in June and accelerating lending signal stronger economy, supporting higher policy rates.
Eurozone bank lending to both businesses and households accelerated in July. The European Central Bank (ECB) raised interest rates in June for the first time in about three years. Loans to non-financial corporations grew 4.4% year-on-year, up from 4.0% in June. Household lending increased 3.1%, up from 3.0% in June.
ECB rate hike in June and accelerating lending signal stronger economy, supporting higher policy rates.
Stronger lending growth and ECB rate hike suggest higher yields on German bonds.