ECB Households Loans y/y comes in at 3.1% against 2.9% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
The European Central Bank reported that Households Loans year over year for the Eurozone came in at 3.1%. This figure was higher than the consensus expectation of 2.9%, representing a 6.9% surprise against the consensus. The previous month’s reading was 3%.
Following the release, EUR pairs showed limited movement in the initial 15 minutes. EURAUD moved -6.6 pips, EURCAD -4.2 pips, EURCHF -2.8 pips, EURGBP -2.1 pips, EURJPY -4.5 pips, EURNZD -11 pips, and EURUSD -0.4 pips. These initial reactions are generally small when compared to the historical median 1-hour moves for these pairs. For instance, EURAUD typically sees a median 1-hour move of 9 pips, EURCAD 9 pips, EURCHF 5 pips, EURGBP 6 pips, EURJPY 9 pips, EURNZD 12 pips, and EURUSD 7 pips after past releases.