The European Central Bank said loans to the private sector in the eurozone picked up pace in February.
Data showed loans to households climbed by 1.6% in February from 1.4% in January. Loans to companies rose by 0.9% in annual terms last month from 0.5% in the preceding month.
The data emerge before the unveiling of a new series of inexpensive liquidity for European banks in return for them lending to houses and entities which the central bank hopes will beef up economic activity in the region.
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