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Euro-zone money growth likely to have picked up slightly in Feb

Capital Economics notes .....

  • Euro-zone money growth probably picked up slightly in February (09.00 GMT), as the availability of, and demand for, credit seems to have improved. 

  • The pace of broad money (M3) growth rose in January and the ECB's latest Bank Lending Survey gave further grounds for optimism. 

  • Banks eased their lending criteria after October's stress tests and firms' demand for credit strengthened significantly. 

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