cover of episode UBS On-Air: Paul Donovan Daily Audio 'How easy is it to borrow?'

UBS On-Air: Paul Donovan Daily Audio 'How easy is it to borrow?'

2023/5/8
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

Frequently requested episodes will be transcribed first

Shownotes Transcript

The US Senior Loan Officer survey summarizes the attitude of US banks to lending. While this is just survey evidence, it is conducted by the Federal Reserve as the regulator of banks. As such the responses are more likely to be taken seriously and filled in objectively, than is the case with other surveys. This data matters because lending standards were already tightening, and the recent banking turmoil raises the risk that this tightening accelerates.