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No case for further monetary easing by ECB

Such a move would also create systemic problems in the banking sector

Demand for credit is increasing and the latest ECB survey of senior loan officers shows that banks have reversed their policy of tight standards for providing loans.

MARKET participants seem to be positioning themselves for another bout of monetary easing by the European Central Bank (ECB). The apparent inability to push the inflation rate upwards against a background of tepid international trade is the major argument cited to support such expectations.