UK Corporate Debt Rise Lends Weight to Recovery

October 1, 2009 Share Print 0

In its quarterly Credit Conditions Survey, the Bank said that, over the past three months, availability of funds to banks had improved, making it easier for them to lend to businesses. The survey found that lenders predict a further increase in corporate credit availability during the next three months.

The biggest increases in credit were made available to larger firms although credit availability to the commercial property sector continued to fall.

Times Online

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.