Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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SEP NET CONSUMER CREDIT -GBP0.622BN VS AUG GBP0.285BN
SEP MORTGAGE APPROVALS 91,454 VS AUG 85,530
SEP NET CHANGE SECURED LENDING GBP4.827BN, AUG GBP3.031BN
- Mortgage approvals increased once again in Oct, rising to the highest level since Sep 2007 and net mortgage borrowing was GBP4.8bn in Sep, up from GBP3.0bn recorded in Aug.
- Mortgage approvals in Sep were 24% higher than in Feb, while approvals for remortgages were 38% below Feb's level.
- Net consumer credit weakened in Sep as consumers were making net repayments of GBP 0.6bn after having shifted to positive territory in the previous month.
- As a result the annual growth rate of of consumer credit ticked down further to -4.6%, marking a new series low.
- The interest rate on overdrafts rose again in Sep to 22.52% which is a new series high, while interest rates on new consumer credit and credit card borrowing stagnated.