Eurozone bank credit tightens despite ECB stimulus

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Credit standards in the eurozone tightened further in the last quarter of 2020, according to the European Central Bank’s latest bank lending survey.

The survey is likely to reinforce the case in favour of maintaining ultra-loose monetary policy. The ECB’s governing council delivers the first decision of the year on January 21. Most analysts do not expect any change to interest rates, asset purchases, or bank lending schemes.

In the ECB survey, 25% of banks reported a tightening of credit

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