– Financial institution lending to euro zone corporations continued to surge in Might, European Central Financial institution information confirmed on Wednesday, suggesting that companies could also be stocking up on funding earlier than the ECB‘s rates of interest rise later this 12 months.
Loans to corporations elevated by 5.8% final month, choosing up from 5.2% a month earlier to report the quickest progress charge since early 2021. The tempo of progress in credit score to households in the meantime held regular at 4.6%, the best stage since late 2008.
Development within the M3 measure of cash circulating within the euro zone in the meantime slowed to five.6%, the slowest tempo in two years – that's earlier than the ECB boosted its bond purchases to reply to the coronavirus pandemic.
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