Draghi: Further Monetary Stimulus Is in the Pipeline

Since 2014, bank lending rates for firms and households have significantly decreased, reaching historical lows by April 2016. The growth rate of bank credit to euro area corporations turned positive in 2015, with favorable market conditions benefiting external finance sources. Small and medium-sized enterprises (SMEs) have experienced improved access to credit, with banks showing increased willingness to lend at lower rates. New bank credit is being used for investment projects, and further monetary policy stimulus is anticipated.

What is the significance of the easing of bank credit for small and medium-sized companies?

What role does monetary policy play in the context of bank credit and investment projects?