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Weak Bank Lending Damps Eurozone Growth Prospects

Por: RTTNews Business May 30, 2023

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Eurozone bank lending growth weakened further in April reflecting the transmission of the European Central Bank's tight monetary policy and signaled weak economic growth. Data published by the ECB on Tuesday showed that credit to euro area residents grew at a slower pace of 1.5 percent in April from a year ago, while credit to general government dropped 0.9 percent. Adjusted loans to the private sector logged a slower growth of 3.3 percent... + full article



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