(Reuters) – Euro zone bank lending continued to rebound last month, indicating that the drag from high European Central Bank rates is starting to fade even if absolute lending levels remain modest, ECB data showed on Friday.
Lending to euro zone companies grew by 1.1% in September, its highest rate since mid-2023, while to households, it was up by 0.7%, its highest level since last October, the ECB said.
Meanwhile the M3 measure of money supply, sometimes an indicator or future economic growth, expanded by 3.2%, a level last topped in December 2022 and ahead of expectations for 3.0% seen in a Reuters poll.
(Reporting by Balazs Koranyi; editing by Jason Neely)
