Latest data released by the ECB - 28 January 2019
- Prior +3.7%
Of note, household lending growth and non-financial lending growth both held steady at +3.3% y/y and +4.0% y/y respectively from November. The headline reading shows a rise in broad money growth but it isn't something that jumps out of the page all too much. With the ECB deciding to end its QE programme at the end of last year, I would expect broad money growth to slow down in the Eurozone economy this year.
