Businesses, credit down in Italy. Here’s how loans in the Eurozone will affect the ECB rate cut

Business credit worsens again in Italy, while it remains weak in the Eurozone according to ECB data. In July, loans to companies in Italy fell by 4.2% on an annual basis, compared to -3.4% in June. Such a significant decline has not been observed since January. Credit seemed to be in a phase of gradual improvement but in July there was a reduction in loans to…