What explains the ongoing credit slowdown in advanced economies?
17 November 2023
by Luicia Quaglietti, Economist, Macroeconomic Policy Division, OECD Economics Department Credit conditions across OECD countries have tightened sharply in recent quarters, with rising policy rates quickly reflected in bank lending rates and bank lending standards becoming more restrictive. Credit growth has slowed, especially to households. New mortgage lending to households has fallen by around 30%… Read More »What explains the ongoing credit slowdown in advanced economies?