As regards the reasons for differing attitudes among banks with respect to credit activity, the Bank Lending Survey provides evidence of a certain reappraisal of expectations regarding growth, both in general and at sectoral level, as well as the cost and availability of financing for banks, which are at the heart of the current market tensions.
Indeed, in response to a question added to the latest version of the survey, banks reported a perceptible worsening of their own financing conditions, not only with regard to the interbank market but also to all debt instruments and all maturities.