Free Trial

Q1 '24 BLS Indicates Broadly Unchanged Credit Standards

NORGES BANK

Norges Bank's Q1 '24 Bank Lending Survey link here:

  • "Household credit demand fell slightly in 2024 Q1, while corporate demand remained broadly unchanged".
  • "Banks have reported lower demand for residential mortgages over the past three quarters but expect no further fall in Q2".
  • "Overall credit standards remained approximately unchanged in Q1".
  • "Four out of 10 banks reported a somewhat higher risk of commercial real estate (CRE) firms breaching the terms of loan covenants over the past six months. This is a decline from banks’ responses to similar questions in 2023".
88 words

To read the full story

Close

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.

Norges Bank's Q1 '24 Bank Lending Survey link here:

  • "Household credit demand fell slightly in 2024 Q1, while corporate demand remained broadly unchanged".
  • "Banks have reported lower demand for residential mortgages over the past three quarters but expect no further fall in Q2".
  • "Overall credit standards remained approximately unchanged in Q1".
  • "Four out of 10 banks reported a somewhat higher risk of commercial real estate (CRE) firms breaching the terms of loan covenants over the past six months. This is a decline from banks’ responses to similar questions in 2023".