Household Lending Recovery To Continue

BMI View: Eurozone bank lending will accelerate in the next few quarters following years of contraction. H ousehold lending should continue to pick up, as private sector balance sheets have improved and the European Central Bank has provided significant stimulus amid low interest rates and substantial asset purchases.We continue to forecast a modest recovery in eurozone commercial bank lending over the 2015-2019 period, with average annual growth of 4.0%, roughly in line with...

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