BoE Money and Credit – November 2019

Industry News | 03/01/20

The BoE monthly money and credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses.

These monthly statistics on borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the banking system.
Key points:
o The net flow of consumer credit was £0.6 billion in November, the smallest flow since November 2013.
o Lending in the mortgage market continued to be steady in November, and in line with levels seen over the past three years. Net mortgage borrowing fell marginally to £4.1 billion, and mortgage approvals for house purchase remained unchanged at 65,000.
o UK businesses borrowed £0.9 billion of finance in November, below the previous six-month average of £2.3 billion.

Source: BoE