Eurozone firms find it harder to get credit, ECB survey shows - The Edge Malaysia

FRANKFURT (Oct 26): Eurozone firms are having a harder time getting credit from their banks just as their finances are squeezed by more expensive ​fuel and higher costs, a European Central Bank survey showed ‌on Monday. The ECB has been gradually raising interest rates to stem an energy-driven rise in inflation, though it is expected to stay put this week to garner more evidence ​on how higher borrowing costs, including on the bond market, are affecting the ​economy. Its quarterly Survey on the Access to Finance of Enterprises ⁠in the euro area showed some strains were becoming visible, with firms ​reporting higher interest rates and a decrease in the availability of bank loans.