In a context of progressive economic recovery, which for now seems immune to the uncertainty generated by the undefined economic policy that the next government may design, both companies and households have perceived a greater willingness of banks to lend money. This is partly due to increased competitive pressure and partly to more favorable financing conditions resulting from the expansive monetary policy defined by the ECB. Furthermore, both households and SMEs not only perceive fewer difficulties in accessing new resources, but the rejection rate for their credit applications continues to decrease. Expectations gathered in the ECB survey indicate that these favorable conditions should continue in the coming months.
