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🇪🇺@Isabel_Schnabel: Tighter credit conditions are a first indication that monetary policy is becoming effective. But they also reflect banks’ risk perceptions that may change if the economy improves. Slower loan growth is an essential part of the transmission mechanism. #AskECB
RT @FGoria: @ecb @Isabel_Schnabel The latest BLS showed that credit conditions are worsening. Do you expect a credit crunch in the near term?
