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Planned lending to households at fastest rate since Q3 2O14 - BOE Credit Conditions Review

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The latest Bank of England (BOE) Credit Conditions Review published last hour showed that planned lending to households at fastest rate since Q3 2O14.

    Key Findings from the report:

    Lenders say plan to expand secured and unsecured lending to households at fastest rate since Q3 2014

    Plan to expand lending to businesses at slowest rate since Q1 2012

    Separately, the latest Credit Conditions Survey covering Q1 2016 published is as under:

    “As part of its mission to maintain monetary stability and financial stability, the Bank needs to understand trends and developments in credit conditions. This quarterly survey of bank and building society lenders is an input to this work. Lenders are asked about the past three months and the coming three months. The survey covers secured and unsecured lending to households; and lending to non-financial corporations, small businesses, and to non-bank financial firms. Along with various data sources and discussions between the major UK lenders and Bank staff, this survey serves as an input into the quarterly Credit Conditions Review publication which presents the Bank of England's assessment of the latest developments in bank funding, and household and corporate credit conditions."
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