Lending growth across the eurozone showed little change in May, as fresh data from the European Central Bank (ECB) on Monday signalled that recent interest rate cuts have yet to significantly boost credit activity amid subdued economic sentiment, Reuters reported on Monday. Loans to businesses grew by 2.5 per cent year-on-year, down slightly from 2.6 per cent in April. However, household lending edged up to 2.0 per cent from 1.9 per cent. Meanwhile, the M3 money supply—a key gauge of liquidity and a potential indicator of future economic activity—held steady at 3.9 per cent, narrowly missing economists' expectations of 4.0 per cent, according to a Reuters poll. Attribution: Reuters Subediting: M. S. Salama
