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FRANKFURT (Reuters) – Financial institution lending to euro zone corporations slowed in November, easing again from the sector’s greatest borrowing binge in over a decade as rising rates of interest and a looming recession seem like taking a toll, European Central Financial institution information confirmed on Thursday.
Lending to companies within the 19-country euro space expanded by 8.4% in November after an 8.9% studying a month earlier whereas family credit score development slowed to 4.1% from 4.2%.
The month-to-month stream of loans to corporations was additionally sharply decrease at minus 1 billion euros after a 24 billion euro studying a month earlier.
Development within the M3 measure of cash circulating within the euro zone in the meantime slowed to 4.8% from 5.1%, coming beneath expectations for five.0% in a Reuters survey.
(Reporting by Balazs Koranyi;Modifying by Elaine Hardcastle)