U.S. banks ease lending standards for businesses in Q2, but loan costs still high

In the second quarter, U.S. banks loosened lending standards for commercial and industrial loans as demand for financing increased, according to the Federal Reserve's quarterly survey of senior loan officers. However, a study by the Federal Reserve Bank of San Francisco finds that interest rates on commercial and industrial loans are still above the historical average and can be considered expensive compared with benchmark borrowing costs that the Fed set.

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