Eurozone bank lending accelerates in July

Macro
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Summary · why it matters

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.

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ECB rates
ECBRATES
▲ PositiveMonetaryrelevance

ECB rate hike in June and accelerating lending signal stronger economy, supporting higher policy rates.