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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".

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