July 16, 2024 08:00 GMT
MNI BRIEF: Consumer Loan Demand Picks Up In Q2- ECB BLS Survey
Credit standards little changed and loan demand mixed, ECB survey shows
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MNI (LONDON) - Euro area credit standards were broadly unchanged at tight levels in Q2 2024, with firms' loan demand continuing to decline, albeit at a slower pace than in Q1, the ECB Bank Lending Survey showed.
However, loan demand for households picked up for the first time since 2022, despite a further modest net tightening of standards.
Looking ahead, banks across the euro area expect a moderate net tightening for loans to firms and unchanged credit standards for loans to households in Q3.
Source: ECB Bank Lending Survey
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