LONDON (Reuters) - The euro zone’s recovery from its deepest economic downturn on record hit the brakes in August, particularly in services, as pent-up demand unleashed by the easing of coronavirus lockdowns dwindled, a survey showed on Friday. To contain the spread of the virus, which has infected over 22.5 million people globally, governments [...]
OSLO (Reuters) - Demand for mortgages in Norway rose significantly in the second quarter, a sharp turnaround from earlier this year amid lower interest rates that drove an upturn in the housing market, a quarterly central bank survey showed on Thursday. “Demand for first-home mortgages has risen, though less than overall residential mortgage demand,” [...]
Banks are tightening lending standards across the board despite lower demand and as the Federal Reserve encourages lending. They said in a Fed survey that they are lowering credit limits and demanding higher minimum credit scores from consumers. Banks are tightening lending standards across the board even as they’re being urged to get money [...]