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.
Next release date: 29 March 2018