June Sees Significant Increase in Business Lending - it seems as if the credit engine in the eurozone is picking up speed again, fresh liquidity is flowing into the markets and the debasement of money can move forward.

Corporate lending in the Eurozone experienced a notable uptick in June, according to the European Central Bank (ECB). The annual growth rate for loans to non-financial companies rose to 0.7%, up from 0.3% in May. Month-on-month, lending surged by €20 billion, a substantial increase from the €7 billion growth seen in May.

Household lending also showed modest growth, with an annual increase of 0.3%. Mortgage lending remained steady with a 0.4% rise, while consumer loans grew by 2.7%, slightly down from 2.8% in May. Overall, total lending in the Eurozone increased by 0.2%, following stagnation in May.

The M3 money supply, primarily composed of loans, grew at an annual rate of 2.2%, surpassing economists' expectations of 1.9%. The narrower M1 money supply saw an improvement, with the annual change rate rising to -3.4% from -5.0%.