EMU’s credit data expected to improve – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Christin Tuxen expects today’s releases in the euro area to extend its upside momentum.

Key Quotes

“In terms of data releases euro-area money supply and bank lending should continue to improve as the ECB’s liquidity boost is finding its way through to private consumption and investments”.

“The monetary easing is also reflected in lower cost of borrowing. The recent sell-off in the fixed income markets has not yet affected lending rates, hence the impact on economic activity should be limited”.