FX.co ★ Eurozone Bank Lending Accelerates in October

In October 2025, bank lending to households within the Eurozone increased by 2.8% compared to the previous year, reaching €7.07 trillion. This growth rate, the highest since March 2023, surpassed market predictions which anticipated a 2.6% increase. The uptick in credit demand is indicative of the ongoing recovery, bolstered by the European Central Bank's recent policy relaxation. Concurrently, lending to businesses also saw a 2.9% rise, maintaining the rate seen in September and staying close to August’s near two-year high. Collectively, credit expansion to the private sector—encompassing households and non-financial corporations—increased to 2.9%, marking the most significant rise since April 2023.