News
Euro-area Banks Report Stronger Retail Funding Deterioration
Euro-area banks reported their strongest deterioration in retail-funding access since 2011 in a European Central Bank survey released on October 27. The net balance reporting worse access increased to 9% in the third quarter, up from 3% in the second quarter. The ECB described the deterioration as moderate, citing higher lending rates, cost pressure, and risk perceptions as reasons for tighter loan terms.