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Lagarde: Credit Demand Has Been Low

ECB

Q: What has to change for rates to be cut going forward? Can you say more about the Bank Lending Survey with respect to credit?A: We must look at all data components. Between now and September we will be receiving a lot of information.

A: On the corporate front, credit demand has been low. For mortgages, there is an increase in demand as indicated by the BLS. It is a story of two sides.

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