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

BOE DATA: Money and Credit (June 2019) - Review
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-- Consumer Credit rose by Stg 1.046bn in June, surprising to the upside 
(BBG & MNI: Stg 0.9bn)
-- Mortgage approvals for house purchases increased to 66,440 in Jun 
(BBG: 65800; MNI: 65700), highest since Jan (66,813)
-- Similarly, mortgage lending came in stronger than expected (BBG: Stg 
3.5bn), registering at Stg 3.731bn in June
-- While the effective interest rate on other loans for new businesses 
picked up further to 7.12%...
--...the effective rate on new secured loans edged down to 2.02% in Jun 
after May's 2.08%
-- M4 money supply y/y rose to 2.3%, a two month high...
--...while m/m money supply rose by 0.1% after May's decline of 0.1%
-- The annual growth rate of consumer credit continued to slow in Jun, 
dropping to 5.5%
-- Meanwhile, the annual growth rate of mortgage lending remained 
unchanged from May's level of 3.1%

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