Further tightening in credit standards and weakening loan demand from households and businesses in the euro area suggest that the monetary transmission is in play in the real economy, which could prompt the European Central Bank to hit a pause on rate hikes in the coming months though the prospect of high inflation could damp such thoughts.
Read Full Story
Latest posts by Top News Editor (see all)
- U.S. Dollar Climbs Further Off Recent Lows - March 24, 2023
- U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive - March 24, 2023
- UK Private Sector Logs Strong Growth In March - March 24, 2023