Free Trial

Higher Rates Prompt Record Decline in Housing Loans - ECB Survey

EUROZONE DATA
MNI (London)

The ECB's Q4 Euro Area Bank Lending Survey found a marked decline in loan demand as higher interest rates and recessionary consumer outlooks feed into weaker borrowing appetite in Q4.

  • The fall in housing loan demand was the starkest on record, and is anticipated to slide further in Q1 2023.
  • Weakening demand from both firms and consumers was worsened by a strong net tightening of credit standards by banks on the back of higher risk perceptions. This is expected to tighten further across housing and consumer loans in the coming quarter.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.