Euro area banks expect stricter credit rules for companies and households in 2010, quashing...

|By:, SA News Editor

Euro area banks expect stricter credit rules for companies and households in 2010, quashing hopes the tightening cycle had peaked. "All in all, a turning-point in the tightening trend observed since the second half of 2007 is now closer, but has not yet been reached," ECB said in today's quarterly Bank Lending Survey.