Commercial loan growth in the euro zone slowed in December for the second month in a row, ending the biggest rise in loans in more than a decade.
In doubt, rising interest rates and fears of a possible recession appear to be setting in, European Central Bank (ECB) data released on Friday shows.
Decrease in loans granted to households as well
Commercial loan growth rose to 6.3% in December from 8.3% in November, while household credit growth slowed to 3.8% from 4.1%.
The monthly flow of corporate loans fell sharply in December to -16 billion euros, compared to -4 billion euros a month earlier.
The annual growth rate of the M3 money supply, which reflects the cash circulating in the eurozone economy, slowed to 4.1% from 4.8%, well below the Reuters consensus, which gave 4.6%.
Source: BFM TV
