Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Banks across the eurozone tightened credit standards further for loans or credit lines to enterprises in Q4 2023, the ECB's latest Bank Lending Survey showed. The BLS is closely watched by policymakers on the ECB's Governing Council and will in part guide the thinking behind the timing of the first cycle rate cut.(See MNI SOURCES: "Biggest Minority" Favours ECB June Cut)
The tightening of conditions added to the "substantial cumulative tightening since 2022", the survey noted, which, together with weak demand, has contributed to the strong fall in loan growth to firms.
Banks also reported a further net tightening of credit standards for loans to households, which while small for housing loans was more pronounced for consumer credit. Risk perceptions were a major driver of the tightening of credit standards in both categories, with banks’ lower risk tolerance also driving the tightening of credit standards for consumer credit.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.