outstanding cross-border bank credit reached a record of $34.7 trillion

outstanding cross-border bank credit reached a record of $34.7 trillion the latest increase was driven by increased lending to non-bank financial institutions (NBIFs), with most of the credit being issued in USD or EUR

bank credit continues to grow, and it will continue to grow it will almost certainly break the 7% annual growth resistance central banks will expand balance sheets and lower interest rates to refinance the existing public and private debt data source: BIS