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Investing.com -- Euro zone bank lending growth accelerated to a two-year high in July, supported by lower interest rates and a gradual economic recovery, according to European Central Bank data released Thursday.
Loans to households increased by 2.4% in July, marking the strongest growth since April 2023, up from 2.2% in June.
Meanwhile, lending to companies rose by 2.8%, compared to 2.7% in the previous month, reaching its fastest pace since June 2023.
The data suggests that the European Central Bank’s monetary policy easing is beginning to filter through to the real economy, as both businesses and consumers take advantage of more favorable borrowing conditions amid the ongoing economic recovery in the region.
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