Breaking News Bar
updated: 4/26/2013 7:15 AM

ECB: lending to companies remains weak

hello
Success - Article sent! close
 
Associated Press

FRANKFURT, Germany -- The European Central Bank says bank lending to companies remains weak -- another sign that the economy in the 17 countries that use the euro is still stuck in recession.

Loans to companies shrank 2.4 percent in March from the same month a year ago, only slightly better than the drop of 2.5 percent the month before.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The ECB says its current low interest rates are not getting through to companies in the form of credit that would enable them to expand their businesses. That's because of troubles in the banking system in some parts of the eurozone.

Many economists think the ECB will cut its refinancing rate from a record low of 0.75 percent at next week's meeting to provide more stimulus.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here