Loan demand by firms and households continue to decline sharply – ECB survey | Forexlive

• Eurozone banks tightened credit standards further in Q3, more than expected
• Decline in net demand for loans was significantly stronger than banks had expected
• This is mainly driven by higher interest rates, lower consumer confidence

In other words, higher rates plus worsening economic conditions don’t make a good recipe for credit appetite. Who knew. ¯_(ツ)_/¯