Eurozone household loan demand increased amid improved housing market prospects, lower rates, and higher consumer confidence, per the European Central Bank's Bank Lending Survey.

Eurozone households experienced a first increase in loan demand since 2022, according to the European Central Bank's Bank Lending Survey. This growth is attributed to improved housing market prospects, lower interest rates, and higher consumer confidence. Banks have eased mortgage conditions due to increased competition but tightened access to consumer credit. Business lending appetite continues to decline, particularly in France and Italy.

July 16, 2024
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