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That makes it all the more ominous that banks are expecting to restrict credit still further.
If banks restrict credit, it is argued, lower rates are needed just to keep monetary conditions as they were.
Beijing started to restrict credit growth and the focus shifted towards the need for slower but better-balanced growth.
Credit card lenders are facing new rules that the industry claims will restrict credit just when consumers need it most.
Already, he said, the companies have had to restrict credit to small businesses because of rising defaults and uncertainty.
And in any case the conventional strategy of lower rates may not be strong enough as long as banks continue to restrict credit.
Similar(37)
Some colleges restrict credits to those who score 4 or 5, and some don't award credits.
Restricting credit shuts poor buyers out of the market.
If banks optimize by restricting credit to risky borrowers, these failures can be partially avoided.
Several studies have shown that borrower-friendly laws lead to more restricted credit.
Instead, they are trying to control inflation by raising interest rates and restricting credit.
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CEO of Professional Science Editing for Scientists @ prosciediting.com