ECB Bank Lending Survey - Credit standards were broadly unchanged in the first quarter of 2024
SourceNewsquawk
SectionECB
- Loan demand from firms declined substantially, contrary to bank expectations of a recovery.
- Ongoing central bank balance sheet reduction continued to exert tightening pressure.
- The positive impact of policy rate decisions on bank profits is expected to diminish over the next six months
- Corporate credit standards tightened in Q1 but eased for household mortgages.
- Banks are expecting a moderate net decrease in demand for loans to firms and a net increase in demand for loans to households in the second quarter of 2024.
Via ECB