29 Apr 2015
EZ Lending modestly rose by 0.1% in March vs. a drop of 0.1% in February - ECB
FXStreet (Mumbai) - Loans to the private sector modestly rose by 0.1% in March after a drop of 0.1% in February, the European Central Bank (ECB) said in its Monetary Developments report for March 2015 .
Markets had expected lending to remain flat at 0.0%, while the last rise was reported in March 2012.
The ECB stated in a press release, "The annual growth rate of lending for house purchase, the most important component of household loans, increased to 0.2% in March, from 0.0% in the previous month."
"The annual growth rate of loans to non-financial corporations stood at -0.6% in March, compared with -0.7% in the previous month," while "the annual growth rate of loans to nonmonetary financial corporations (excluding insurance corporations and pension funds) increased to 2.3% in March, from 0.5% in the previous month."
Markets had expected lending to remain flat at 0.0%, while the last rise was reported in March 2012.
The ECB stated in a press release, "The annual growth rate of lending for house purchase, the most important component of household loans, increased to 0.2% in March, from 0.0% in the previous month."
"The annual growth rate of loans to non-financial corporations stood at -0.6% in March, compared with -0.7% in the previous month," while "the annual growth rate of loans to nonmonetary financial corporations (excluding insurance corporations and pension funds) increased to 2.3% in March, from 0.5% in the previous month."