Eurozone Bank Lending Inches Up Despite High Rates

Bank lending in the Eurozone saw a slight increase of 0.3% in May, as reported by a study from the European Central Bank.

This growth follows several months of low levels attributed to record-high interest rates, which likely deterred both lenders and borrowers, according to BNR.

The 0.3% rise in bank lending is compared year-on-year to the same month last year, marking a slight acceleration from a 0.2% inc