Summary
UK mortgage lending grew at its weakest pace for more than three years last month, figures from the Bank of England showed yesterday, and the increase in consumer credit was significantly smaller than forecast.
The numbers helped fuel hopes that the Bank will be forced ultimately to cut UK interest rates further from their current level of 4.5-per cent, in spite of a signal in the Old Lady of Threadneedle Street's quarterly inflation report earlier this month that this would not be necessary if economic growth were to pan out as it expects.See the full content of this document
Extract
July Mortgage Lending Rise Weakest in Three Years
The Bank said mortgage lending ha...
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