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The European Central Bank (ECB) released its M3 money supply figures on Thursday. M3 money supply rose 5.0% in January from last year, exceeding expectations for a 4.7% gain, after a 4.7 % increase in December.
Loans to the private sector in the Eurozone climbed 1.4% in January from the last year, missing expectations for a 1.5% rise, after a 1.4% gain in December.
Total credit to euro area residents increased to 2.6% year-on-year in January from 2.4% in December.
Loans to non-financial corporations rose to 0.6% year-on-year in January from 0.1% in December.
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