The survey, addressed to the senior loan officers of a representative sample of euro area banks, provides information on financing conditions in euro area credit markets and on banks’ lending policies. The left-hand chart in Figure 4 shows that banks have consistently eased their credit standards for loans to non-financial corporations over the past year.
All in all, this set of decisions will provide the monetary accommodation necessary for inflation to remain on a sustained path towards levels that are below, but close to, 2% over the medium term, while also preserving favourable bank lending conditions and supporting a smooth 2/3  BIS central bankers' speeches  transmission of our monetary policy.