ECB Monthly Bulletin: April 09

The flow of loans to non-financial corporations and households has remained very subdued, says the latest Monthly Bulletin from the European Central Bank.

The report says that the decline in short-term lending could be indicative of a reduction in loan demand related to the weakening of economic activity. The report also says that supply effects had probably also affected loan developments.

The report says that developments over the past few months could therefore reflect ongoing efforts of

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