India, Feb. 27 -- Lending to the euro area private sector increased at a faster pace in January as interest rate cuts boosted demand for loans from businesses and households, data from the European Central Bank revealed Thursday.
Claims on the private sector expanded 2.0 percent from a year ago, faster than the 1.7 percent rise in December. Similarly, adjusted loans to the private sector registered 2.3 percent growth after increasing 2.0 percent in December.
Among the borrowing sectors, lending to businesses increased 2.0 percent from a year ago, after rising 1.7 percent in December. This was the fastest growth since July 2023, when lending advanced 2.3 percent.
Adjusted loans to households moved up 1.3 percent after rising 1.1 percent i...