October’s ECB Bank Lending Survey revealed that banks tightened their lending criteria further despite easing strains related to the sovereign debt crisis. And weak demand for loans was a more commonly reported factor holding back lending than short supply. So while the ECB might consider ways to incentivise lending this week, much more will need to be done to get the economy back on track.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.