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 system.
- Mortgage market activity has remained stable, notwithstanding mortgage approvals for house purchase being at their highest level since July 2017, and net mortgage lending rising in July.
- Net consumer credit rose by £0.9 billion in July, broadly in line with the average seen over the past year.
- UK businesses made net repayments of £2.5 billion of finance in July. This was the first net repayment since February.