Euro-area credit and money supply remain steady in October, easing recession fears

Euro-zone business and household lending held steady in October while money supply remained stable, easing concerns over liquidity and growth slowdown.

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Euro-area credit and money supply remain steady in October, easing recession fears

Euro-area credit and money supply remain steady in October, easing recession fears
Business lending across the euro zone held at 2.9% year-on-year in October, matching the previous month, while household loans rose to 2.8%. The broader money supply measure M3 also ticked up 2.8%, suggesting stable liquidity and credit conditions. Economists say the steady readings counter recent recession worries and support expectations of moderate growth ahead. The results may influence central-bank decisions on rate adjustments, keeping markets alert to policy cues.