Euro Zone Bank Lending Surges Before Tariffs, ECB Data Reveals

FRANKFURT (Cryptonesia) – The pace of lending to businesses within the Eurozone saw an increase in March, suggesting that multiple interest rate reductions were stimulating economic activities prior to the commencement of a worldwide trade conflict initiated by the United States, as indicated by data released by the European Central Bank on Tuesday.

In March, loans to businesses within the eurozone increased by 2.3%, up from 2.0% in the previous month, marking its peak since mid-2023. Concurrently, household borrowing rose by 1.7% following a 1.5% growth in February, reaching nearly a two-year high.

Nevertheless, the expansion in the M3 money supply within the region, which typically signals upcoming economic changes, decelerated to 3.6% in March from 3.9% the previous month, falling short of predictions for a rate of 4.0%.

(Reported by Balazs Koranyi; Edited by Kirsten Donovan)

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