Latest ECB bank lending survey just out

  • credit standards still tight in historical terms
  • banks expect net increase in loan demand in Q4
  • standards eased for all loan categories in Q3
  • banks’ TLTRO take up driven by profitability
  • banks intend to use TLTRO funds to grant extra loans

Lend, lend , lend is the mantra. But is it really happening or indeed going to with banks still shoring up their defences with cheap money.

EURUSD still tight at 1.2728