According to the report from the Bank of England, individuals borrowed £5.3 billion of mortgage debt on net in August, following a net repayment in July of £1.8 billion. Mortgage approvals for house purchase ticked down further to 74,500 in August, from 75,100 in July. Economists had expected a decrease to 73,000.
Consumers borrowed an additional £0.4 billion in consumer credit, on net. The effective rate on new personal loans remained below the January 2020 level at 5.87%, but was the highest since March 2020.
Households’ net flow in to deposit accounts increased in August, to £9.1 billion. Deposit interest rates fell slightly further, to new historically low levels.
Large businesses repaid £2.1 billion in loans from banks in August, whilst small and medium sized businesses repaid £1.0 billion. Private non-financial companies redeemed £1.1 billion in net finance from capital markets in August, compared to a monthly average net issuance of £2.8 billion since March 2020.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.