Global Market: Euro zone banks tighten credit standards amid geopolitical risks, ECB survey shows

Euro zone banks tightened lending standards in the second quarter as geopolitical uncertainty and economic risks prompted greater caution, according to the ECB's latest Bank Lending Survey. While demand for business loans improved, lenders became more selective and expect credit conditions to tighten further in the coming months, reflecting persistent concerns over inflation, energy prices and economic growth.

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