Property News · August 30, 2017

Rapid rise in personal borrowing is cooling, says Bank of England


Consumer borrowing through credit cards, overdrafts and personal loans slows slightly amid squeeze on living standards The rapid growth in borrowing by consumers appears to be slowing amid a squeeze on households, despite remaining at levels unseen since the financial crisis.The annual rate of growth for consumer borrowing through credit cards, overdrafts and personal loans slowed to 9.8% in July, the lowest rate of expansion since April 2016, according to the Bank of England. The growth rate was a little weaker than in recent months, when the pace of expansion was above 10%. Continue reading…

Source : theguardian.com
Read more…Rapid rise in personal borrowing is cooling, says Bank of England

You may also like...