Eurozone M3 money supply growth eased more than expected in December and credit to the private sector grew at a slower rate, the European Central Bank said on Friday, suggesting that the interest rate hikes are starting to take effect on the real economy.
ECB data showed that the annual growth rate of credit to the private sector moderated to 4.2 percent in October from 4.4 percent in September. Similarly, the adjusted loans to the private sector rose 4.2 percent versus 5.1 percent in the prior month.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.