Eurozone money supply and private sector bank lending in focus – Danske Bank

In the euro area, the most important data release today is money supply and private sector bank lending which is likely to garner maximum investors’ attention, according to analysts at Danske Bank.

Key Quotes

“In June, lending to households and non-financial corporations continued their upward trend, meaning the ECB's accommodative monetary policy is feeding through to the private sector. This should eventually generate higher inflation but the ECB is being challenged currently by a stronger euro, which is a strong headwind to inflation.”