These monthly statistics on borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the banking system1.
- Consumer credit increased by £0.9 billion in April, in line with the monthly average increase since July 2018. The annual growth in consumer credit continued slowing, to 5.9%.
- Net mortgage lending was £4.3 billion in April, slightly higher than the average of £3.8 billion seen over the previous six months.
- UK businesses raised £5.7 billion of net finance in April, driven by borrowing from banks and bond markets.