Money and Credit - January 2018

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 01 March 2018

Key points from the data to the end of January 2018 include:

Part one: Broad money and credit

  • Broad money increased by £9.6 billion in January (Table A). Within this, households’ M4 increased by £3.4 billion (Table B), slightly above the recent average. The flow of private non-financial corporations' (PNFCs’) M4 was £1.6 billion (Table C). 
  • The net flow of sterling credit was -£2.9 billion in January (Table A). Within this, however, the flow for households was broadly stable at £3.5 billion (Table B). 

Part two: Lending to individuals

  • Annual growth in secured lending was unchanged at 3.3% in January (Table H), with net lending at £3.4 billion.
  • Mortgage approvals increased in January (Table I) for both house purchase and remortgaging, to 67,478 and 49,242 respectively.
  • The annual growth rate for consumer credit has slowed over the past year to 9.3% (Table J), driven by other loans and advances.

Part three: Lending to businesses

  • PNFCs raised £0.8 billion from UK MFIs and Capital Markets in January (Table L), with relatively small contributions from all components. 
  • Lending to non-financial businesses fell by £1.6 billion in January (Table M). Loans to small-and-medium sized enterprises fell by £0.7 billion, the largest decline since December 2014. 

PDFMoney and Credit - January 2018

ExcelTables A-O

ExcelHighs and lows

Next release date: 29 March 2018

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...