ECB's Bank Lending Survey in focus today – Danske Bank

The research team at Danske Bank points out that the ECB's Bank Lending Survey is due for release today and will be the key economic release for the day.

Key Quotes

“The latest report from January showed that loan growth continued to be supported by increasing demand across all loan categories, while credit standards (i.e. banks' internal guidelines or loan approval criteria) for loans to enterprises tightened somewhat in net terms due to banks' lower willingness to tolerate risk.”

“Rate decision in Hungary. We expect the National Bank of Hungary (NBH) to keep its base rate unchanged at 0.9% today. The inflation rate rose to 2.9% y/y in February, near the central bank target of 3%. However, the rise in inflation so far is driven mainly by a base effect of energy prices, and thus no imminent pressure for higher interest rates.”