Bert Colijn, senior economist at ING, notes that the Eurozone’s loan growth to non-financial corporates dropped from 3.9% to just 3.3% year-on-year on an adjusted basis. Key Quotes “Lending growth has slowed as uncertainty about the eurozone economy continues to impact businesses. Growth in lending to businesses peaked in June 2018 and seems to be on a downward trend.” “The European Central Bank’s bank lending survey had already indicated weaker loan growth ahead on the back of growth concerns. This means that the positive impact of loan growth on GDP is slowing and that investment is likely not bouncing back in the current quarter.” “Growth in the broad monetary aggregate M3 and more narrow aggregate M1 both came down in January and while the slowing trend is impacted by the end of quantitative easing, it is considered to be a leading indicator.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Technical Analysis: DXY now looks to the 200-day SMA at 95.63 FX Street 4 years Bert Colijn, senior economist at ING, notes that the Eurozone's loan growth to non-financial corporates dropped from 3.9% to just 3.3% year-on-year on an adjusted basis. Key Quotes "Lending growth has slowed as uncertainty about the eurozone economy continues to impact businesses. Growth in lending to businesses peaked in June 2018 and seems to be on a downward trend." "The European Central Bank's bank lending survey had already indicated weaker loan growth ahead on the back of growth concerns. This means that the positive impact of loan growth on GDP is slowing and that investment is likely not bouncing back… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
