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Eurozone's M3 money supply growth slowed in July, while credit to private sector declined from last year, data from the European Central Bank showed Wednesday.
The broad monetary aggregate grew 2.2 percent annually in July, slowing from 2.4 percent increase in June. Economists expected an increase of 2.4 percent.
M1 money supply increased 7.1 percent annually in July, moderating from 7.5 percent growth recorded a month earlier.
In May-July period, M3 money supply rose 2.5 percent compared to the same period last year, while M1 rose 7.7 percent.
Loans to private sector declined 1.9 percent year-on-year in July, faster than a 1.6 percent decrease in June.
The annual growth rate of loans to households stood at 0.1 percent in July compared with no growth in June. Lending for house purchase, the most important component of household loans, increased 0.7 percent year-on-year.
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