Credit conditions
Bank finds signs of green shoots in business lending
Bank of England Trends in Lending report for October shows brief rise in net flow of lending to businesses in August
Bank: credit demand still weak
Bank of England October Agents' summary of business conditions shows credit conditions continue to remain fragile
IMF: Turkish banks vulnerable to monetary shocks
Fund study shows monetary policy channels in Turkey are severely disrupted when policy is tightened
IMF: Gulf bank balance sheets severely impaired by economic downturn
Fund study finds link between economic conditions in Gulf states and banks’ nonperforming loans in region
BoE: stress tests tightened credit conditions
Bank of England’s survey on credit conditions shows lenders thought the availability of funds tightened in response to European stress tests
Banks can deal with refinancing burden: ECB
European Central Bank gives vote of confidence to lenders, pointing out banks were able to refinance $2.4 trillion in maturing debt between 2007 and June this year
Eurozone banks tighten standards as loan demand grows
European Central Bank’s second quarter lending survey shows banks toughening standards for borrowers, reflecting unease from sovereign debt crisis spillover; demand, meanwhile, increases
Central Bank of Turkey – Inflation Report (July 2010)
Central Bank of Turkey’s Inflation Report for July showed lending in credit markets picked up after yields on government debt fell
Canada’s Carney explains rate hike
Bank of Canada governor Mark Carney says decision to hike rates was due to unexpected improvement in private demand
Bank of England – Trends in Lending (July 2010)
Bank of England’s July lending report shows further declines in bank loans as demand continues to weaken
RBA: Australian bond market weathered financial crisis very well
Reserve Bank of Australia study shows Australia’s bond markets functioned well during the financial crisis
Inflation targets must account for financial stability: former FSA head
Ex-Bank of England deputy governor Howard Davies proposes more flexible inflation target that takes into account credit conditions
RBA’s Ellis: build more houses
Reserve Bank of Australia financial stability head Luci Ellis says more housing needed to offset rapid rise in house prices
Banks should not rely on CDS spreads for credit risk
National Bank of Belgium study highlights a number of shortfalls in policymakers’ use of CDS spreads as an indicator for bank risk
Bank of Italy on post-Lehman credit conditions
Bank of Italy paper shows severe credit contraction and behaviour of zombie banks distorted lending following Lehman’s collapse
CEPR: small banks pay big premium during credit crunch
Centre of Economic Policy Research study into bank lending finds small firms’ access to liquidity is affected more than larger firms by adverse credit conditions
Eurozone credit standards tightened further in past three months
ECB s bank lending survey shows credit conditions remain fragile
Hungary discovers further risks to economy
National Bank of Hungary report identifies stability threats
Aussie dollar boosted as RBA hikes again
Reserve Bank of Australia increases benchmark rate to 4.25%
Hong Kong debt market rebounds
Latest Quarterly Bulletin from Hong Kong Monetary Authority shows debt markets have normalised in the territory following Lehman collapse
Fed: safety net is too big
Richmond Federal Reserve research flags dramatic expansion of safety net
Credit channel working in Korea
Bank of Korea paper uses data from Korean firms to build on academic research on credit channels
Bank of England – Trends in Lending (February)
Bank report shows lending to businesses, home buyers and consumer remains constrained
Bank holds rates, halts asset purchases
Bank’s rate-setters stand pat, pointing to a clash of pressures between inflation and anaemic growth; ex-MPC members concur