By William L. Watts
LONDON (MarketWatch) -- Loans to the private sector in the 16-nation euro zone continued to slow in June, posting a record low annual growth rate of 1.5%, the Frankfurt-based European Central Bank reported Monday. Annual growth of 1.8% was seen in May. M3 money supply grew at an annual rate of 3.5% in June, slowing from 3.7% in May and in line with expectations. The European Central Bank has injected hundreds of billions of euros worth of liquidity into the euro-zone financial system in an effort to maintain credit flows in the region.
