Eurozone banks plan to tighten credit standards in the second quarter amid geopolitical tensions, energy developments and higher funding costs, the Bank Lending Survey results from the European Central Bank showed Tuesday.
Loan approval criteria for enterprises, households for house purchases and consumer credit were tightened in the first quarter, driven by higher perceived risks and lower risk tolerance. Banks also intend to tighten the conditions in the second quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.