Key points from the data to the end of October 2017 include:
Part one: Broad money and credit
- Broad money increased by £3.6 billion in October (Table A). Within this, the flow of household M4 was the largest contributor at £3.1 billion (Table B).
- The net flow of sterling credit fell to £2.6 billion in October (Table A). Lending to households and private non-financial corporations (PNFCs) was £3.8 billion, broadly in line with the previous month (Table B and C).
Part two: Lending to individuals
- Net lending secured on dwellings was broadly unchanged at £3.4 billion in October (Table H). Underlying this were increases in gross lending and repayments due to increases in remortgaging activity.
- Total mortgage approvals increased slightly in October (Table I). Within this, remortgaging approvals increased to 51,593, the highest since October 2008. House purchase mortgage approvals fell slightly to 64,575 in October.
- The annual growth rate of consumer credit was broadly unchanged at 9.6% in October (Table J).
Part three: Lending to businesses
- PNFCs had net bond redemptions of £4.7 billion in October (Table L), the largest redemptions since March 2009.
- The net flow of loans to large non-financial businesses was £1.0 billion in October, whilst loans to small and medium-sized enterprises were -£0.4 billion (Table M).
Next release date: 4 January 2018