Central Banks
ECB Says Banks See Euro-Zone Credit Demand Bottoming Out
- Bank Lending Survey shows loan standards tightened moderately
- Officials set to leave borrowing costs unchanged on Thursday
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Demand for credit in the euro zone may be bottoming out after falling for more than a year in the face of rising interest rates and a struggling economy, according to the European Central Bank.
The ECB’s quarterly Bank Lending Survey, published Tuesday, showed that the drop in appetite for business and consumer loans was smaller in the fourth quarter than in the previous three months.