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October 2022 euro area bank lending survey
According to the October 2022 euro area bank lending survey (BLS), credit standards – i.e. banks’ internal guidelines or loan approval criteria – for loans or credit lines to enterprises tightened further (net percentage of banks standing at 19%) in the third quarter of 2022. With regard to loans to households for house purchase, euro area banks reported a strong net tightening of credit standards (net percentage of 32%) and a lesser, but still pronounced, net tightening for consumer credit and other lending to households (net percentage of 21%). In the context of economic slowdown and intensifying recession ... (full story)