With the euro-zone economy performing fairly well and headline inflation on the up, the results of last week’s Bank Lending Survey were a timely reminder to the ECB that its job is far from done. Indeed, tighter credit conditions for firms and slower expected growth in consumers’ demand for banks loans suggests that ECB policy will need to remain exceptionally loose for a long time to come.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.