Encuesta BoE: condiciones de crédito más restrictivas en T1

Patrick Signoret

Según la encuesta a prestamistas del Banco de Inglaterra (T1), la oferta de crédito creció para hogares y cayó para empresas; hubo demanda mixta de crédito; y las condiciones de crédito para todos se tornaron considerablemente más restrictivas.

Creció ligeramente la disponibilidad de crédito garantizado (morado, Chart 1) y no garantizado a hogares; también la demanda de crédito hipotecario (azul, Chart 2):

 

El crédito a empresas ofrecido y demandado cayó en T1 para todos los tamaños de empresas (barras azules de Chart 6 y Chart 8):

Hubo resultados mixtos en el sector inmobiliario e hipotecas:

• Lenders reported that the amount of credit made available to the commercial real estate sector had decreased slightly in the past three months and was expected to fall significantly during Q2.
• Lenders reported that the default rate on secured loans to households fell slightly over the previous quarter and was expected to be broadly unchanged in 2012 Q1. Losses given default were reported to have fallen slightly in 2012 Q1 but were expected to increase significantly [in T2].

Las condiciones de crédito se tornaron considerablemente más restrictivas:

• Lenders reported that spreads on secured lending to households — relative to Bank Rate or the appropriate swap rate — widened markedly in 2012 Q1. Lenders expected a further significant widening of spreads in Q2.
• Spreads on overall unsecured lending were reported to have been broadly unchanged over the previous quarter. Lenders expected spreads to remain unchanged in 2012 Q2.
• Spreads were reported to have widened significantly on lending to large and medium-sized companies in Q1, and further widening was expected [in Q2]. Spreads on lending to small businesses had widened slightly during Q1 and a further slight widening was expected in Q2.