UK Preliminary Data Forecasts: June Money and Credit Data

By Jamie Satchithanantham

     LONDON (MNI) - Find below the preliminary results from the latest MNI

survey outlining analysts expectations for the Bank of England's Money and

Credit data series due for release on Monday July 31.

     Analysts see secured lending a touch lower in June at stg3.4bn compared to

the stg3.5bn registered in May while mortgage approvals are pencilled in to be

virtually unchanged at 65,000. 

     Unsecured borrowing, under the spotlight of the Bank's MPC and PRA, is also

expected to have held up well in June, down only slightly to stg1.5bn from May's

stg1.7bn.   

---------------------------------------------------------

                             Jun        Jun           Jun

                             BOE        BOE           BOE

                    Net mortgage   Mortgage  Net Consumer

                         Lending  Approvals        Credit

                          stg bn      '000s        stg bn

Date Out                  31-Jul     31-Jul        31-Jul

Median                      3.40       65.0          1.50

Forecast High                4.0       66.0           1.6

Forecast Low                 3.3       64.7           1.5

Standard Deviation           0.4        0.4           0.0

Count                          3          6             5

Prior                        3.5       65.2           1.7

Capital Economics            N/A       65.0           1.5

Credit Suisse                N/A       66.0           N/A

Investec                     3.4       65.0           1.5

Nomura                       4.0       65.0           1.5

Oxford Economics             3.3       65.0           1.6

Standard Chartered           N/A       64.7           1.5

     This survey will be updated on Monday July 31.

--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com

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