Czech Demand for Housing Loans Still Grows

Politics ♦ Published: November 23, 2013; 13:11 ♦ (Vindobona)

While demand for consumer loans was down, demand for housing loans is still on the rise. In total, loan growth decelerates.

Czech Demand for Housing Loans Still Grows / Picture: © Vindobona.org

Money stock in the economy rose by the balances as of the end of June 2013 year-on-year by 4.3 % given the stagnation of nominal GDP, resulting in the monetary conditions in the Czech economy confirming their expansiveness. The growth of M2 aggregate was affected mostly by the increase of non-term (one day) deposits, on the contrary so called quasi money (other deposits apart from…

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