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BOE Credit Conditions Survey: Demand for mortages fell in Q4, expected to decrease in Q1

Bank report demand for mortages fell in Q4, expected to decrease in Q1.

Banks report demand for unsecured lending fell in Q4, demand for credit card borrowing expected to rise in Q1.

Banks report decrease in demand for corporate lending, expected to rise slightly for small firms, decrease for larger firms in Q1.


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PBOC’s Sun: Room is limited for further RRR cuts in China, Yuan regains poise

The head of the People’s Bank of China’s (PBOC) monetary policy department, Sun Guofeng, was back on the wires in the last hour, this time speaking to
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German industry stuck in recession, no signs of bottoming out – Germany’s BDI

German economic growth at 0.5% in 2020, calendar-adjusted 0.1%. German industry is stuck in recession, there are no signs for bottoming out in sector.
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