Money and Credit - March 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 May 2018

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

Part one: Broad money and credit 

  • Broad money decreased by £0.9 billion in March (Table A). Within this, the flow of households' M4 was £4.7 billion, above the recent average of £2.3 billion. The flow of private non-financial corporations' (PNFCs') M4 was -£0.5 billion (Table C).
  • The net flow of sterling credit was £11.1 billion in March (Table A). Within this, the flow for households was broadly unchanged at £3.9 billion (Table B). Net sterling credit to PNFCs was £0.3 billion. 

Part two: Lending to individuals

  • Mortgage approvals were broadly unchanged on the month.  Within this, approvals for house purchase were slightly lower at 62,914 (Table I).
  • Consumer credit net lending was £0.3 billion in March 2018. Annual growth of consumer credit fell on the month to 8.6% (Table J). 

Part three: Lending to businesses

  • Net finance raised was £0.0 billion in March (Table L). Within this, finance raised through loans and commercial paper was positive but offset by redemptions of equity and bonds.
  • Borrowing by non-financial businesses from MFIs increased to £4.0 billion in March (Table M).  This was driven by lending to businesses in the 'Public administration and defence' industry (Table O).

PDFMoney and Credit - March 2018

ExcelTables A-O

PDFHighs and lows

Next release date: 31 May 2018

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

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