Money and Credit............................>

UK DATA: Money and Credit

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--Feb's change in Net Consumer Credit (1.145) is higher than 

anticipated by (BBC/MNI Median:0.9) 

--The change in Net Lending on Dwelling decreased in Feb (3.457) and is 

lower than expectations (BBC/MNI Median: 3.7)

--Mortage Approvals amount to 64,337 in February and are slightly lower 

than the market expected (BBC/MNI Median: 65) 

-- The effective interest rate on time deposits for new businesses 

increased slightly in Feb to 1.25 (1.20 Jan) whereas the effective rate 

on other loans decreased to 6.84 in Feb (6.89 Jan) 

--M4 money supply y/y increased to 1.2 in Feb after a sharp decline in 

Jan

-- The yearly growth rate of consumer credit continues to show a 

downward trend since 2018 and reached 6.3% in Feb after a peak in 10.9% 

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