- Analytics
- News and Tools
- Market News
- ECB Bank Lending Survey: Demand for loans by firms and households continued to decrease strongly
ECB Bank Lending Survey: Demand for loans by firms and households continued to decrease strongly
In its quarterly survey of big banks published on Tuesday, the European Central Bank (ECB) underscored concerns that “demand for loans by firms and households continued to decrease strongly.”
Additional takeaways
“Banks tightened their standards for granting a loan to companies and households in the three months to September, citing more pessimism about the economy but also lower liquidity as a result of the central bank's policy tightening.”
“Similar to recent quarters, the decline in net demand was significantly stronger than banks had expected, driven mainly by higher interest rates as well as lower fixed investment for firms and lower consumer confidence and deteriorating housing market prospects for households.”
Market reaction
At the time of writing, EUR/USD is trading 0.12% lower on the day, testing intraday lows near 1.0650.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
