The move is an attempt to alleviate the credit squeeze
on small businesses resulting from government caps on lending rates.
The first whammy was drought (now reversed), second the credit squeeze
(the CS Treasury seems to be threading the needle) and the third whammy was not one but two elections.
Bank governor Mark Carney pledged on Friday to pump at least PS250bn into money markets, if needed, to prevent a credit squeeze
China experienced a credit squeeze
last month after China's central bank allowed short-term borrowing costs to spike to close to 30 percent on June 20.
The two unveiled their "funding for lending" programme in an attempt to ward off a tightening credit squeeze
and help drag Britain out of its double-dip recession.
The survey showed despite the credit squeeze
, more than 50 per cent of respondents said they still plan to grow their businesses over the coming 12 months.
Surprisingly, it is large UK companies that appear to be suffering most from the credit squeeze
, with more than a third (35 per cent) citing difficulty securing finance and credit as the primary reason for keeping more cash in reserve.
New York, Muharram 23, 1433, Dec 18, 2011, SPA -- Euro-zone bank failures could lead to a credit squeeze
in the United States, hurting an already subpar U.S.
Summary: Credit squeeze
for the industry and business has hit the economy, growth is slow, inflation is ascendant and the balance of payments need to be watched against risks, warns the central bank.
Securitisation markets have only recently started reopening after shutting down amid the credit squeeze
TROUBLE with banks, the credit squeeze
, disasters, CCTV cameras taken down, loss of jobs, Mike Whitby living a life of luxury and becoming obese at the taxpayers' expense...
So is what we are seeing a back door credit squeeze
, restricting the availability of finance to both individuals and business as part of a policy of reducing demand and holding down inflation?