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MNI BRIEF: Eurozone Lending Conditions Tighten- ECB Survey

Latest ECB Bank Lending Survey suggests tighter credit conditions ahead.
BundesbankCentral Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneGermanyBriefStory

MNI (LONDON) - Euro area banks saw a renewed tightening of credit standards for loans or credit lines to enterprises and a continued tightening for consumer and household lending in Q4 2024, with a further net contraction expected in Q1 according to the latest ECB Bank Lending Survey, published Tuesday.

Standards for mortgage loans to households were broadly unchanged, even as demand picked up strongly as the ECB cut interest rates by a further 50 basis points in the three months to December. Banks reported that the decline in excess liquidity held within the Eurosystem had a neutral impact on bank lending conditions in the second half of 2024 and they expect similar effects in the first half of this year.

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MNI (LONDON) - Euro area banks saw a renewed tightening of credit standards for loans or credit lines to enterprises and a continued tightening for consumer and household lending in Q4 2024, with a further net contraction expected in Q1 according to the latest ECB Bank Lending Survey, published Tuesday.

Standards for mortgage loans to households were broadly unchanged, even as demand picked up strongly as the ECB cut interest rates by a further 50 basis points in the three months to December. Banks reported that the decline in excess liquidity held within the Eurosystem had a neutral impact on bank lending conditions in the second half of 2024 and they expect similar effects in the first half of this year.

Keep reading...Show less