|Low||£4.601 B||£4.559 B||
Bank of England Net Lending to Individuals m/m reflects a change in the net volume of outstanding loans in the given month compared to the previous one. The indicator calculation includes sterling consumer loans to individuals and loans secured on dwelling.
The net volume of current outstanding loans is the gross lending flow in the current month, net of the loan repayment.
Loans secured on dwelling are divided into three types:
Consumer loan types include credit card lending and "other" loans (such as overdrafts and bank loans in cash). Sterling loans to individuals are provided by three main types of organizations.
Consumer lending volume is a leading indicator of consumer activity and retail sales, as well as of the housing market and the banking sector. The indicator growth allows forecast of economy expansion and can affect the British pound quotes positively.
The chart of the entire available history of the "Bank of England (BoE) Net Lending to Individuals m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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