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Lagarde: Very Attentive To Oil Prices

ECB

Q: How much of a concern are oil prices to inflation?

  • A: Oil prices have increased by 10 percent in recent weeks and it is an item that matters a lot. We are very attentive to the evolution of oil prices. We are forming our assessment on futures prices.

Q: What is your main takeaway from the Bank Lending Survey?

  • A: The BLS is always informative, but it is a survey. It indicates what the banks assess, assume and expect from their corporate and household customers. We also have hard data, which are interest rates and the volume of loans.
  • There is a slight uptick in the volume of loans to corporates and households. There is also a slight decline in the interest rates offered to borrowers.
  • The financial sector expects financing costs to be lower in the future.

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