The growth rate of consumer loans in the EU is falling - ECB

The volume of consumer loans grew by only 4.5%, when in the previous month it was 4.6%.

However, the volume of loans to organizations grew by 7.7% - more by 0.9% than in the previous period.

Money supply growth also slowed to 5.5%, up from 5.7% the previous month.

The slowdown in money supply growth is directly reducing the rate of inflation.