Overseas loans to US crept up in Q4

Loans made to US borrowers by overseas lenders grew at a faster rate in Q4 2018 compared with Q3, but at a much slower pace than the same quarter a year ago.

Figures published by the Bank for International Settlements (BIS), show claims on the US private non-financial sector grew at a rate of 3% on an annualised basis in Q4 2018, compared with 2% the previous quarter. But the growth rate is far lower than the 9.7% registered in Q4 2017.

Credit extended to US borrowers by overseas banks was

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