On March 31st the Bank of England released its Credit Conditions Survey.
BOE Credit Conditions Survey is a report revealing the results of scrupulous research of secured and non-secured loans lent to the borrowers of all kinds.
Usually these data are correlated with such notion as potential borrowers’ willingness to spend the lent money purposefully.
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The data are provided by the clients of different financial institutions, which are asked to evaluate the credit availability for the last 3 months and to try and make a forecast for the next quarter.
These days the degree of the impact this indicator has on the Forex market is considered to be medium.
It is believed that a country’s credit availability influences the demand for the national currency.
The index is usually published once a quarter right after the reporting period is over.
