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Decreasing Mortage Approvals - Review.......>

UK DATA
UK DATA: Decreasing Mortage Approvals - Review
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--Mortage approvals registered below expectations at 62,341 (BBg: 64.5K, 
MNI: 64.8K) 
--March's consumer credit grew by Stg0.549bn (BBg and MNI: Stg1.0bn), 
the lowest increase since Nov13. 
--Net Lending on dwellings (4.12bn), the highest change since 
Oct18 (BBg and MNI: 3.6bn)
--The effective interest rate on other loans for new businesses fell to 
6.20% in Mar (6.84% Feb)...
--...while the effective rate on new secured loans rose slightly to 
2.10% from 2.09% 
--M4 money supply y/y (2.2%) reached the highest level since Mar18...
--...whereas monthly money supply decreased by 0.5%
--The downward trend of consumer credit persists in March where it 
fell to 6.4%, significantly below Nov18 peak (10.9%) 
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