BoE to launch credit conditions survey

The Bank of England announced Monday 11 December it will launch a quarterly survey of credit conditions in the UK covering mortgage lending, unsecured lending to households and corporate lending.

The survey will poll both bank and non-bank lenders. For example, lenders would be asked whether terms had eased or tightened, the bank said.

The BoE expects to launch the full survey in the second quarter of 2007, with the first results being published in the third quarter.

It also said that the surv