FRANKFURT, Nov 27 (Reuters) – Bank lending to euro zone firms held steady last month, adding to evidence that the 20-nation currency bloc continues to grow steadily, even if only at a modest pace, European Central Bank data showed on Thursday.
Credit growth to businesses was unchanged at 2.9% in October compared to the previous month, while loan growth to households accelerated to a two-and-a-half-year high of 2.8% from 2.6%.
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The M3 measure of money circulating in the euro zone, often an indicator of future activity, was also steady at 2.8%, in line with expectations in a Reuters poll of analysts.
Reporting by Balazs Koranyi
Editing by Alexandra Hudson
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