- Prior 0.8%. Revised to 0.7%
- 3 mth moving average 0.9% vs 0.8% exp. Prior 1.0%
- Private loans -2.0% vs -1.6% exp. Prior -1.8%
The fall in private loans just underpins the weakness seen in demand and that’s something that could have an effect when the TLRO’s come online later this year. The market might see a low take up of loans as a bad sign.
Eurozone M3 money supply 3 mth avg 30 06 2014
