Money and Credit - September 2017

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 30 October 2017
Key points from the data to the end of September 2017 include:
 

Part one: Broad money and credit 

  • Broad money increased by £3.0 billion in September (Table A). Within this, the flow of household M4 was the largest contributor at £3.8 billion (Table B). The flow of M4 for private non-financial corporations (PNFCs) was -£1.5 billion (Table C), a particularly weak outturn.  
  • The net flow of sterling credit remained robust at £9.6 billion in September (Table A). Within this, lending to households has been growing steadily at around 4% per year (Table B). 

Part two: Lending to individuals 

  • Mortgage approvals for house purchase fell slightly to 66,232 in September, close to their recent average (Table I). 
  • The annual growth rate of consumer credit has remained broadly unchanged since June, at around 10%. The flow was £1.6 billion in September, also close to its recent average (Table J).

Part three: Lending to businesses

  • PNFCs raised a net of £2.1 billion from UK MFIs and capital markets in September (Table L), mainly driven by strong bond issuance. 
  • Large non-financial businesses made net repayments of £1.8 billion of loans in September (Table M), with manufacturing contributing the most to this movement (Table O). 

PDF Money and Credit - September 2017

Excel Tables A-O

PDFHighs and lows

View interactive charts

Further details about our data


Queries

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

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