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"Unless there is a material easing of credit conditions," said Bob Elliott of Bridgewater Associates, an American money management firm, after the retail sales figures were announced, "it is unlikely that demand will turn around soon".
At the conclusion of the Feb. 6-7 meetheg, the committee voted by 8 to 3 not to change policies, although they agreed some firming or easing of credit would be acceptable, depending on economic developments.
Hence interest-rate cuts and the easing of credit controls should be more potent than elsewhere.
And some indicators pointed to an easing of credit conditions in Europe, too.
"There is no sign yet of significant easing of credit conditions.
The Journal interpreted that to mean that the two would not support a further easing of credit.
Similar(43)
In many ways, debt is all about convenience and the ease of credit cards makes it all the more so.
The IMF raised its estimates of Chinese growth from 6.5percentto6.6percentcenthanksks to increased ease of credit, and also predicted high growth from India and much of Asia.
A cap on welfare spending was lifted slightly after an easing of universal credit cuts.
This reflects the effects of fiscal consolidation, the relatively slow easing of tight credit conditions and ongoing private sector de-leveraging," it said.
"This reflects the effects of the fiscal consolidation, the relatively slow easing of tight credit conditions and ongoing private sector deleveraging," the OBR said.
More suggestions(18)
easing of credit standards
easing of mortgage
relaxing of credit
easing of loan
easing of debt
easing of borrowing
loosening of credit
alleviation of credit
ease of credit
weakening of credit
easing of control
easing of travel
easing of austerity
easing of capital
easing of tension
easing of respondent
easing of policy
easing of interest
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