The latest monetary indicators show that bank lending is starting to pick up. But July’s rise in lending is not as good as it seems, since it largely reflected firms swapping bond for bank finance probably in response to the rise in market interest rates. Firms’ overall appetite for funds is still depressed.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services