Eurozone money supply growth accelerated more than expected in April, while credit to private sector eased from the prior year, data showed Wednesday.
The broad monetary aggregate M3 grew 3.2 percent annually, after rising 2.6 percent in March, the European Central Bank said. Economists expected the rate to rise to 2.9 percent.
Total credit granted to euro area residents fell 0.1 percent on a yearly basis, compared with no change in the previous month.
Similarly, credit extended to the private sector eased 0.9 percent in April, after staying flat. Among the components of credit to the private sector, the annual growth rate of loans was more negative at -0.9 percent in April, the central bank said.
