ECB Households Loans y/y comes in at 3% against 3% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
The Eurozone’s ECB Households Loans year over year data was released today, showing an increase of 3%. This figure matched the market consensus expectation of 3%. The previous month’s reading was 3.1%, indicating a slight deceleration from the prior period. The surprise versus consensus was 0.0%.
Following the release, initial market reaction across major EUR pairs has been limited. Fifteen minutes after the data, EURAUD was down 0.2 pips, EURCAD was down 4.3 pips, EURCHF was up 0.1 pips, EURGBP was up 0.9 pips, EURJPY was down 0.3 pips, EURNZD was up 8.8 pips, and EURUSD was down 0.6 pips. These movements are generally small when compared to the typical median 1-hour moves observed after past releases, which range from 5 pips for EURCHF to 12 pips for EURNZD.