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Eurozone bank lending to households and businesses increased in August, with the highest rate in ten months.
In August, eurozone bank lending to households grew by 0.6%, the highest rate in ten months, while loans to businesses increased by 0.8%.
The annual growth rate for adjusted loans to the private sector rose to 1.6%.
However, the European Central Bank remains cautious due to restrictive interest rates and persistent inflation.
A recent study indicated that credit growth in the euro area has declined more sharply than in the U.S. during the pandemic's monetary policy tightening.
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Los préstamos bancarios de la eurozona a hogares y empresas aumentaron en agosto, con la tasa más alta en diez meses.