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EMU credit data take centre stage – Danske Bank

FXStreet (Edinburgh) - Flemming Nielsen, Senior Analyst at Danske Bank, underlines de relevance of the credit figures in the euro bloc.

Key Quotes

“In the euro area the main event today will be the release of money supply M3 and credit data for August”.

“As usual, focus will mainly be on the credit data. According to the ECB’s most recent bank lending survey, banks have continued to ease credit standards and demand for new loans also appears to be improving”.

“Hence, we expect the contraction in new loans to have eased further in August”.

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