BoE expect to further tighten standards for credit card and other unsecured lending in Q3

Market news

13 July 2017

BoE expect to further tighten standards for credit card and other unsecured lending in Q3

Expect decrease in availability of unsecured household credit in q3 due to changing appetite for risk, changing economic outlook
Expect credit to corporate sector to remain unchanged in q3
Demand for mortgage lending to rise in q3, no change in unsecured lending; demand for borrowing by large companies to fall further in q3
Expect slight fall in availability of mortgage lending in q3 driven by declines in high loan-to-value lending

IEA call on OPEC crude to rise steadily through 2017 and reach 33.6 mln bpd in q4, up 1 mln bpd on june output

IEA says recent price weakness may lead U.S. shale firms to reassess prospects; while output might be gushing, profits are not

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