11. Even as borrowing rises, many consumers are paying off their debts, reducing demand for credit . 12. However, the RCCs were insufficient to meet the high demand for credit in these areas. 13. But a recovery of the real economy is required to generate renewed private demand for credit . 14. With margins already squeezed tight, such an improvement will only come through more demand for credit . 15. Lagging demand for credit is expected to depress banks'first-half profit, without derailing Spain's stock market rally. 16. Only when demand for credit is flowing again will interest rates rise to globally competitive levels. 17. Higher economic growth will help revive demand for credit after a slump in 1996, analysts said. 18. It is equilibrium rationing as there exists excess demand for credit at the equilibrium rate of interest. 19. Banks can expect increased demand for credit . 20. When rates go up, as they have been for the last year, demand for credit falls off.
