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Sat 08 Aug 2008Credit tightening slowed in second quarter, ECB finds
FEWER EURO-ZONE banks tightened lending conditions in the second quarter than in the first quarter as better financial market conditions appeared to ease the flow of funds to financial institutions, a survey by the European Central Bank (ECB) has found.
However, more lending officers of the 112 banks polled for the survey cited worries about economic woes - rather than market turbulence - as a reason for stricter credit standards, while a growing number said rules would tighten further in the coming months.
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