Forex Flash: ECB bank lending survey shows why Euro goes up and then down – Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale has taken a look at January's ECB Bank Lending Survey and noted that its suggests that banks continue to tighten credit standard at a steady pace, mostly through widening loan margins.

He continues to explain that expectations do not point to any imminent change for the better and that the result is a 'broadly stable net decline in demand for loans to enterprises', while the pace of contraction in demand for housing loans and consumer credit is slowing somewhat. He writes, "So the pace at which things are getting worse is stable."