Further tightening of policies by banks may shake entire economy

In the first half of this year, banks granted fewer loans in all market segments. The declines result from both lower customer interest and the tightening of the sector's lending policy. Its further tightening in the coming quarters may lead to the phenomenon of the so-called credit crunch, i.e. excessive limitation of credit availability in the economy, which may result, among others, in decline in Polish GDP.