ECB's Lane: Credit dynamic really has been quite weak

<ul><li>It is below what we would have expected last year</li></ul><p>This is in part one reason why the ECB has to be careful so as to not tighten financial conditions any further, more so when economic conditions are also weakening considerably. From July: <a href="https://www.forexlive.com/news/eurozone-firms-demand-for-credit-falls-to-lowest-on-record-in-q2-ecb-survey-20230725/" target="_blank" rel="follow">Eurozone firms' demand for credit falls to lowest on record in Q2</a></p>

This article was written by Justin Low at www.forexlive.com.