KfW Credit Market Outlook July 2022

Credit market is reacting to interest turnaround

KfW Research has calculated that new lending to enterprises and self-employed persons took another leap in the first quarter. New bank loans grew by 15.5% on the first quarter of last year. The strong credit growth is mainly attributable to short-term financing requirements to build up larger inventories as buffers for disrupted supply chains and the drive to secure interest rates against the background of monetary tightening.

KfW Credit Market Outlook July 2022(PDF, 116 KB, accessible)

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