Euro zone companies cut loan applications for first time in six years: ECB

0
28

FRANKFURT (Reuters) – Euro zone companies unexpectedly cut their credit applications for the first time in six years last quarter despite a further reduction in the ’s main interest rate, an ECB survey showed on Tuesday.

“Net demand for to enterprises declined in the fourth quarter of 2019 … the first time this had been seen since the fourth quarter of 2013, whereas banks had expected it to remain stable overall,” the ECB said in its quarterly Bank Lending Survey.

“That decline in net demand was broadly based across a number of larger and smaller euro area countries.”

Article continues below Advertisement...

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, ) and Forex are not provided by exchanges but rather by market makers, and so may not be accurate and may differ from the actual market , meaning are indicative and not appropriate for purposes. Therefore Fusion Media doesn`t bear any responsibility for any you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest forms possible.

Source: Investing.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here