French Banks Suffer Most as Lending Squeezed by ECB Rates: Chart

Jonathan Tyce

French banks are suffering more than their counterparts as the European Central Bank squeezes rates. New-business mortgage spreads have narrowed more than those in Ireland, Italy and Spain, according to Bloomberg Intelligence. With almost three-quarters of economists in a Bloomberg survey forecasting the ECB to expand monthly bond purchases on Thursday, and all but one predicting the deposit rate cut further below zero, pressure is set to increase further.

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