ECB Says Private Lending Contracted for Ninth Month in January

Lending to households and companies in the euro area shrank for a ninth month in January as the recession damped demand for credit. Loans to the private sector fell 0.9 percent from a year earlier after dropping and annual 0.7 percent in December, the Frankfurt-based European Central Bank said t…

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ECB Says Private Lending Contracted for Ninth Month in January

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