Source: Bank of England
Net borrowing of the mortgage debt by individuals slid to £3.6 billion in December, from £3.8 billion in November. FTSE 100 up +1.08%, GBP USD up +0.30%
- Mortgage approvals for house purchases increased to 71,000 in December, higher than the 12-month average to February 2020 of 66,700.
- Consumers borrowed £0.8 billion more in consumer credit on the net—the effective rate on new personal loans dropped by 16 basis points to 6.27% in December.
- Sterling money remained fairly the same in December, a drop from a £14.1 billion increase in November.
- Households’ holdings of money deteriorated, with net flows of £2.7 billion compared with £5.1 billion in November.
- The effective interest rate paid on individuals’ new time deposits with commercial banks and building societies dropped to 0.36%.
- Large businesses borrowing from banks dropped to £0.3 billion in December as small and medium-sized businesses repaid £0.6 billion.
- Private non-financial companies (PNFCs) redeemed £3.2 billion in net finance from the capital markets.