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