The lastest data on bank lending to households is now out for January 2008. Hardly surprisingly lending bounced back in January from December's virtual dead stop, and lending increased by and estimate 5,406 billion euro, up from a revised 553 million euros in December, but still well below the monthly average for 2005 and 2006 of around 9 billion euro.
This being said, the year on year rate of increase continues to move downwards steadily by the month.
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