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Euro zone business lending growth slows sharply

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Lending to businesses in the 19-country euro area expanded by 8.4% in November after an 8.9% reading a month earlier while household credit growth slowed to 4.1% from 4.2%.

The monthly flow of loans to companies was also sharply lower at -€1 billion after a €24 billion reading a month earlier.

Growth in the M3 measure of money circulating in the euro zone meanwhile slowed to 4.8% from 5.1%, coming below expectations for 5% in a Reuters survey.

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