Euro area banks unexpectedly tightened the conditions that business firms should meet to get loans during the second quarter, due to an uncertain economic outlook, results of a quarterly survey by the European Central Bank showed on Tuesday. By contrast, banks had expected credit standards to ease in the second quarter during the previous survey.
These are set to remain unchanged in the three months to September, the latest Bank Lending Survey from the ECB showed.
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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.