ECB President Lagarde has expressed concerns about softening in the euro-area labor market and the impact of monetary tightening. Lending to euro-area businesses has fallen for the first time in eight years, indicating that steep ECB rate hikes are affecting the economy. Data shows a contraction in credit to non-financial corporations, and economists anticipate this weakness to continue into 2024. Banks' willingness to lend has decreased, leading to tight credit availability for businesses seeking cheap rates.
WARNING: Banks’ willingness to lend has fallen off a cliff This has made credit availability very tight All bets are off for businesses looking to refinance at cheap rates https://t.co/o9vzOx4L08
Euro zone corporate lending contracts as economy shrinks: ECB data https://t.co/QzyqLaq7H0 https://t.co/eeyFGnnxL1
Mortgage rebound slows pace of eurozone credit contraction https://t.co/hP2VrhQKxi
Euro zone corporate lending contracts as economy shrinks: ECB data https://t.co/6Bqm1RibMm
Lending to euro-area businesses fell for the first time in eight years — adding to evidence that steep ECB rate hikes are weighing on the economy https://t.co/a6seeVRhsO
ECB tightening is weakening lending to businesses in the EU for the first time since 2015 Economists expect this weakness to continue into 2024 https://t.co/7FwhsR8KPz
Recessionary> 🇪🇺Lending to euro-area businesses fell for the first time in eight years — adding to evidence that steep European Central Bank interest-rate hikes are weighing on the economy. Credit to non-financial corporations shrank by an annual 0.3% in October, data showed… https://t.co/IxorlSqA93
Lending to euro-area businesses fell for the first time in eight years — adding to evidence that steep ECB rate hikes are weighing on the economy https://t.co/8JhuT1EvXZ
Lending to euro-area businesses fell for the first time in eight years — adding to evidence that steep ECB rate hikes are weighing on the economy https://t.co/n79aPCPYCU
Eurozone Lending Growth Cools Further to New 8-Year Low Bank lending to households in the Eurozone rose by 0.6% year-on-year in October 2023, the slowest pace since June 2015, stemming from the sustained deceleration in credit demand influenced by the European Central Bank's… https://t.co/7CeDM2Bw3Q
ECB to discuss earlier end to bond purchases, says Christine Lagarde https://t.co/qHPAMu29sK
ECB to discuss earlier end to bond purchases, says Christine Lagarde https://t.co/lD9H9nDEbi
ECB President Lagarde says there’s evidence of softening in the region’s jobs market, which officials are watching to assess the impact of monetary tightening https://t.co/mZjcMcUFi6
ECB’s Lagarde sees signs of softening in the euro-area labor market https://t.co/WppQYIv0sP via @weberalexander https://t.co/3ubUjarBEM
ECB President Lagarde says there’s evidence of softening in the region’s jobs market, which officials are watching to assess the impact of monetary tightening https://t.co/xMCSWotEj6
ECB President Lagarde says there’s evidence of softening in the region’s jobs market, which officials are watching to assess the impact of monetary tightening https://t.co/3exzEm4UcM