Money and Credit - December 2016

Our monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses.
Published on 31 January 2017

Key points from the data to the end of December 2016 include:

Part one: Broad money and credit: aggregate, sectoral and industrial detail

  • Broad money, M4 excluding intermediate other financial corporations, increased by £10.9 billion in December (Table A) with positive flows across all sectors (Tables B-D). Within this, the household M4 flow was £3.6 billion, weaker than its recent average.
  • Sterling lending to the UK private sector, M4L excluding intermediate other financial corporations, also increased with positive net lending to households and non-intermediate other financial corporations (Tables B and D).

Part two: Lending to individuals: lending secured on dwellings and consumer credit

  • Lending secured on dwellings rose by £3.8 billion in December, the highest flow since March 2016 (Table H).
  • Approvals of loans secured on dwellings for remortgaging continued to rise and at 47,721 were higher than the previous six-month average (Table I). Approvals for house purchase were 67,898, broadly in line with recent months.
  • Net flows of consumer credit slowed in December to £1.0 billion (Table J), with both credit card lending and other loans and advances below their recent averages (Table K).

Part three: Lending to businesses: net finance raised and loans to businesses, split by size of business

  • PNFCs’ net finance raised from monetary financial institutions and capital markets was £2.3 billion in December (Table L).
  • Loans to non-financial businesses decreased by £2.1 billion in December, compared to the previous six-month average increase of £1.2 billion (Table M). Within this, loans to large businesses decreased by £1.8 billion.

PDF Money and Credit - December 2016

Excel Tables A-N

PDF Highs and lows

Next release date: 1 March 2017

Further details about these data are available on the National Archives.

View and download more money and credit data


Queries

If you have any comments or queries about this release please email dsd_ms@bankofengland.co.uk.

Was this page useful?
Add your details...