Bank Lending & Broad Credit (Aug.)

Broad credit growth continued to slow in August. However, a rebound in net new bank loans last month suggests that concerns about weak demand for credit, following a collapse in lending in July, were overplayed. Instead, much of the downwards pressure on credit growth appears to be due to a crackdown on off-balance sheet lending which has weighed on the issuance of bills and trust loans. 

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.