Forex News Trading - Private sector loans in countries that use the single currency of the European Union rose slightly in July, according to the statement of the European Central Bank (ECB) Friday.
In July, loans approved rose 1.3 per cent from a year ago, slightly faster than the growth of 1.2 percent in June.
Special credit to households and companies rose 2.0 percent in July after rising 1.9 per cent in June. These statistics are considered a key indicator of the economic health of the eurozone.
The main source of financing is a loan to an investment company, which in turn will improve the economy of the current fragile in the euro zone.
The ECB has launched policy measures to ensure credit flows to communities, program buying large-scale public sector bonds to pump liquidity into the system.
ECB increase program in wal this year and also launched a loan scheme for ultra-cheap bank with terms they siphon funds to households and businesses.
The growth of the money supply as a whole, known as M3, slightly slowed to a 4.8 percent in July, down from 5.0 percent recorded in June.