US Fed chair Jerome Powell warns of economic pain ahead, sees inflation battle lasting 'some time'

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from Stocks-Markets-Economic Times https://ift.tt/JvYxPoc

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Loan growth touches new low in the pandemic year

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The pandemic led contraction in economic activity led to a sharp slowdown in credit demand Non-food bank credit growth rose by 4.9 per cent in March 2021, lowest in more than five decades as compared to 6.7 per cent in March 2020. Loans to large industries contracted by 0.8 per cent, while loans to micro and small enterprises rose by a mere 0.5 per cent. from Stocks-Markets-Economic Times https://ift.tt/2PEULK7
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