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Loan demand by firms and households continue to decline sharply - ECB survey

Eurozone banks tightened credit standards further in Q3, more than expectedDecline in net demand for loans was significantly stronger than banks had expectedThis is mainly driven by higher interest rates, lower consumer confidenceIn other words, higher rates plus worsening economic conditions don't make a good recipe for credit appetite. Who knew. ¯\_(ツ)_/¯ This article was written by Justin Low at www.forexlive.com...
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Posted: Oct 24 2023, 08:09
Author Name: forexlive
Views: 082437