Credit applications by euro zone companies unexpectedly fell last quarter for th...
FILE PHOTO: The logo of the European Central Bank is pictured outside its headquarters in Frankfurt, Germany, December 8, 2016. REUTERS/Ralph Orlowski
The euro zone has been struggling with sluggish growth for two years as a global trade war and a slowdown in China hurt its exports, offsetting stronger domestic demand in some countries. “Net demand for loans to enterprises declined in the fourth quarter of 2019 ... the first time this had been seen since the fourth quarter of 2013, whereas banks had expected it to remain stable overall,” the ECB said.
Demand for mortgages continued to rise, however, particularly in France, Italy and Germany - likely strengthening concerns that the ECB’s ultra-easy policy is fuelling housing bubbles in some countries.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shaky yen looks to BOJ, euro pauses before ECB reviewThe yen traded near an eight-month low versus the dollar on Tuesday, while the e...
Read more »
ECB lending rules must cover climate risk, Villeroy saysThe European Central Bank should build climate risk into its lending rules and e...
Read more »
European shares dip as investors eye PMI data, ECB meetingEuropean shares retreated on Monday after striking a record closing high in the ...
Read more »
Ready, steady, review: Five questions for the ECBThe European Central Bank's first meeting of the year is set to bring the f...
Read more »
Telecoms group Iliad formally launches 1.4 billion euro capital increaseFrench telecoms and media group Iliad formally launched on Monday its previously...
Read more »
Shaky yen looks to BOJ, euro pauses before ECB reviewThe yen traded near an eight-month low versus the dollar on Tuesday, while the e...
Read more »