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6th May 2024 11:15USDaily Monitor

  • Banks are continuing to tighten credit availability for business and consumers.
  • The real cost of bank loans to small businesses is approaching 8%; no wonder they are cutting costs.
  • The lag between banks' willingness to extend consumer credit and lending flows is long; a slowdown lies ahead.

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Keywords for: 7 May 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence