BCE: Widespread decline in interest rates of banking corporate credit

This better rates’ performance in the periphery is clearer in a YoY level, considering that the decrease has been of 37 bp vs. -1 bp in Germany/France. However, the banking fragmentation is still significant if we take into account the 142bp gap between the peripheral rates and Germany/France. Within the periphery, Santander analysts highlight the YoY decline of Spain’s rates (-51 bp, up to 4,6%) and Portugal (-75bp, up to 5.6%).

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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