ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

NZDUSD New Zealand Dollar vs United States Dollar

0.5943
0.00 (0.00%)
13 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
New Zealand Dollar vs United States Dollar FX:NZDUSD Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.5943 0.594 0.5946 0.5943 0.5943 0.5943 0 01:00:00

Eurozone Lending To Households Logs Weakest Growth Since 2015

27/02/2024 6:48am

RTTF2


NZD vs US Dollar (FX:NZDUSD)
Forex Chart


From Feb 2024 to Apr 2024

Click Here for more NZD vs US Dollar Charts.

Lending to the euro area households grew at the slowest pace since 2015 and broad money supply posted a marginal growth in January, data released by the European Central Bank showed on Tuesday. Adjusted loans to households registered an annual increase of 0.3 percent, which was slower than the 0.4 percent rise in December. This was the weakest growth since early 2015.

Likewise, annual growth in loans to non-financial corporations softened to 0.2 percent from 0.5 percent, data showed. Lending increased for the second straight month.

Loans to the overall private sector grew 0.4 percent but it was slightly slower than December's 0.5 percent gain.

Credit to euro area residents dropped 0.4 percent, following a 0.5 percent fall a month ago. Credit to the private sector logged a steady growth of 0.4 percent in January.

Data showed that the monetary aggregate M3 expanded 0.1 percent annually, weaker than the revised 0.2 percent rise in December.

The narrow measure M1, that comprises currency in circulation and overnight deposits, declined 8.6 percent from a year ago in January after easing 8.5 percent in December.

For the European Central Bank, today's data confirms that the worst impact of higher rates on bank lending and money growth seems to be over, said ING economist Bert Colijn.

This suggests that there is no immediate need to rush towards rate cuts, the economist noted. Colijn expects the ECB to hold rates in the coming two meetings, and sees the first cut in June.

1 Year NZD vs US Dollar Chart

1 Year NZD vs US Dollar Chart

1 Month NZD vs US Dollar Chart

1 Month NZD vs US Dollar Chart

Your Recent History

Delayed Upgrade Clock