India, June 30 -- Lending to euro area households grew the most in two years in May and overall private sector credit growth remained stable, data from the European Central Bank revealed on Monday.
Adjusted loans to households increased 2.0 percent year-on-year in May, the strongest since May 2023, when it was up 2.1 percent. Lending had increased 1.9 percent in April.
Meanwhile, loans to businesses grew 2.5 percent from a year ago, which was slightly slower than the 2.6 percent increase in April.
The overall growth in adjusted loans to the private sector was 2.8 percent, unchanged from the previous month.
Monetary easing is filtering through the lending channel more slowly, with borrowing growth among businesses and households showing ...