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Money and Credit (April 2019) - Review......>

UK DATA
UK DATA: Money and Credit (April 2019) - Review
------------------------------------------------------------------------
--Consumer Credit rose by Stg 0.942bn in April slightly missing market 
expectations of a Stg 1bn (MNI&BBG) increase
--After showing a decrease in March, mortgage approvals increased to 
66261 in April, beating expectations (BBG: 63500 and MNI: 63700) 
--Mortgage lending grew by Stg 4.29bn in April in contrast to markets 
projecting a decline to Stg 3.7bn (BBG & MNI)
--The effective interest rate on other loans for new businesses 
climbed up to 6.83% after a falling in the previous month (6.20%)
--Effective rate on new secured loans fell in Apr from 2.10% to 2.08% 
--M4 money supply y/y (3.0%) reached the highest level since Feb18
--The monthly money supply reached a 15-months high
--The downward trend of consumer credit continues in April (down to 
5.9%) registering 5pp below it's Nov 2016 peak
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