Key points
- Annual growth in consumer credit continued to slow, falling to 5.6% in May. The monthly flow of consumer credit in May was broadly in line with the average since July 2018, at £0.8 billion.
- UK businesses raised £1.7 billion of net finance in May, driven by continued strength in net bond issuance.
- Household deposits increased by £6.5 billion in May, the largest amount since September 2016. This reflects greater flows into non-interest-bearing deposit accounts.