
Broad money growth in the euro area remained steady in October, with the narrower M1 measure rising to an annual growth rate of 5.2%, up from 5.0% in September.
Looking at credit growth, the annual growth rate of adjusted loans to households increased slightly to 2.8% in October, compared to 2.6% in the previous month. In contrast, the growth rate of adjusted loans to non-financial corporations held steady at 2.9%, unchanged from September.
These figures suggest moderate but stable credit expansion within the eurozone, which forex traders may consider when analysing euro area monetary conditions and their potential impact on the euro currency.
Original Source: Justin Low of investinglive.com







