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Lagarde: Monetary Tightening Leading To Weaker Financial Conditions

ECB

Lagarde says: as we tighten monetary policy market interest rates are rising further and credit to the private sector is becoming more expensive.

  • Bank lending to firms has decelerated sharply in recent months.
  • Household borrowing has continued to weaken reflecting tighter credit conditions, a fall in demand for mortgages and higher borrowing costs.
  • The prepared commentary ends and the Q&A with journalists begins.

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