FRANKFURT Feb 27 Bank lending to euro zone
households grew at its fastest pace in nearly six year last
month while a key measure of money circulating, often an
indicator of future growth, dipped, the European Central Bank
said on Monday.
Lending to households increased by 2.2 percent in January,
in line with expectations and the highest since May 2011,
suggesting that the ECB's lavish stimulus, aimed at reviving
growth through bank lending, is slowly paying off.
Lending has been on a steady upward path since early 2015
but picked up speed only gradually, leading to concerns that ECB
measures were taking too long to work and were perhaps
Corporate lending meanwhile grew by 2.3 percent in January,
unchanged from last month, when it was at its highest reading
The annual growth rate of the M3 measure of money
circulating in the euro zone, which has in the past often
predicted economic activity, slowed to 4.9 percent last month
from 5.0, still meeting a Reuters forecast for 4.8 percent.
(Reporting by Balazs Koranyi; Editing by Francesco Canepa)