UK consumer debt rose steadily in March and mortgages hit a record high since September as house prices rose, according to the Bank of England, which showed no early signs of a downturn in the economy. in the country.
Lending to consumers increased by 1, 1.3 billion ($ 1.6 billion) in net terms, as expected by economists, after rising by almost ίνες 1.6 billion in February.
Credit card lending accounts for more than half of the March increase, which was preceded by a sharp rise in energy costs and a rise in taxes in April.
The BoE announced καθα 7bn net home loans, up from ,6 4.6bn in February, and mortgage approvals of. 70,961, slightly lower than the previous month but still well above pre-pandemic levels.
The UK housing market maintained much of its momentum in the first months of 2022, despite the phasing out of temporary tax breaks for real estate purchases in the second half of 2021.
The BoE is watching for indications of how much rapidly rising inflation is affecting the economy, as it assesses how much it should raise interest rates.
The central bank is expected to increase borrowing costs to 1% from 0.75% tomorrow.
Source: Capital
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