This report is underrated
- Bank eased standards on commercial real estate loans, citing competition
- Eased standards on commercial, industrial loans
- Tightened auto and credit card loan standards
- Says demand for credit card and auto loans weakened
- Command for commercial, industrial and commercial real estate loans weakened
Economists and market participants talk all the time about interest rates but lending conditions are arguably more important. In some distant future, I believe central banks will have two levers: One will be rates and the other will be lending rules.
