Euro zone loans slump, ECB waits for new measures to kick in

Lending to households and firms in the euro zone contracted more sharply in May than a month earlier, highlighting the economic weakness in the bloc that the ECB sought to address with a bundle of measures earlier this month. Over time, the ECB has cut interest rates to record lows, pumped extra…

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Euro zone loans slump, ECB waits for new measures to kick in

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