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BULLET: BOE DATA: Money and Credit (Jul 2019) - Review.......>

BOE DATA: Money and Credit (Jul 2019) - Review
-- Consumer Credit increased by Stg0.897bn in Jul, weaker than expected 
(BBG & MNI: Stg 1.0bn)
-- In contrast to markets projecting a decline, mortgage approvals 
registered at 67306 (BBG: 66100; MNI: 66000), the highest since Jul 2017
-- Similarly, mortgage lending surprised to the upside, rising by 
Stg4.611bn (BBG: Stg3.7bn), its highest since Mar 2016
-- While the effective interest rate on other loans for new businesses 
ticked down slighly to 7.11%. The effective rate on new secured loans 
edged up by 0.01pp to 2.03% in Jul 
-- M4 money supply y/y increased by 2.7% in Jul, while m/m money supply 
grew by 0.7% after Jun's flat reading
-- The annual growth rate of consumer credit remained at 5.5% in Jul, 
substancially lower than Nov 2016's peak (10.9%)
-- Annual growth rate of mortgage lending was unchanged at 3.2% in Jul.

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