ECB: Private lending slows further in March

FRANKFURT (MarketWatch)
The annual pace of lending by euro-zone banks to the private sector continued to slow in March, the European Central Bank reported Monday
The annual growth rate of loans to the private sector fell to 0.6% from 0.8% in February
Data showed that on a monthly basis, loans to households grew 6% after a 1% fall in February, while loans to non-financial corporatations declined 5% in March after a 2% fall
M3, the broadest measure of money growth, grew at a 3.2% annual pace in March, up from 2.8% in February
The three-month average rate of M3 growth rose to 2.8% in the period ended in March versus 2.3% in the period ended in February