Bank lending growth accelerated in June, signaling that global economic uncertainty is not hindering lending. May saw a decline in lending volumes to non-financial corporates, but a strong rebound in June allayed concerns. While there is some moderation in bank lending growth when looking at a three-month average, year-on-year growth rates are still increasing. The ECB is closely monitoring the situation as uncertainty impacts investment appetite, but demand for credit remains steady. With rates on hold, the ECB will assess more data before considering another rate cut in September. Overall, the outlook on bank lending remains positive amidst economic uncertainty.

Read more at Investing.com: Eurozone Bank Lending Growth Strengthens Despite Economic Uncertainty