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The European Central Bank (ECB) released its M3 money supply figures on Thursday. M3 money supply rose 5.3% in July from last year, beating expectations for a 4.9% gain, after a 5.0 % increase in June.
Loans to the private sector in the Eurozone climbed 0.9% in July from the last year, exceeding expectations for a 0.8% rise, after a 0.6% gain in June.
The lending to households jumped 1.9% year-on-year in July from 1.7% in June.
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