Euro area firms reported a deterioration in corporate bond market conditions in our latest survey. Historically, this has led bond-issuing firms to take out bank loans, suggesting a worsening in bank lending conditions for smaller firms https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202301_07~78a838eb48.en.html #EconomicBulletin

🐦🔗: https://n.respublicae.eu/ecb/status/1626162502580023296