Euro zone lending growth edges up to new 2-year high

FRANKFURT (Reuters) -Growth in euro zone bank lending accelerated to a fresh two-year high last month on the back of lower interest rates and a gradual economic recovery, European Central Bank data showed on Thursday.

Loans to households grew by 2.4% in July, the biggest increase since April 2023, from 2.2 in June. Credit to companies increased by 2.8% from 2.7%, marking its fastest pace since June 2023.

(Reporting By Francesco Canepa; Editing by Toby Chopra)