FOREX TradingCharts.com

Financial News: BoE: Demand For Unsecured Lending To Rise In

BoE: Demand For Unsecured Lending To Rise In Q3

07/12/2018 - 07:15:00 (RTTNews)

(RTTNews) - UK households' demand for unsecured lending is set to increase, while the availability is expected to drop slightly in third quarter, the latest quarterly Credit Conditions survey from the Bank of England revealed Thursday.

Lenders forecast an increase in demand for total unsecured lending in the third quarter. Demand for credit card lending will rise, while there will be a slight decrease for other unsecured lending, the survey showed.

Banks reported that household demand for secured lending for remortgaging increased in the second quarter, and expected demand to increase slightly in third quarter. At the same time, demand for secured lending for house purchase was unchanged in the second quarter, and was expected to remain stable again in next three months.

Lenders reported a significant increase in demand for corporate lending from small businesses in the second quarter, and forecast demand to be unchanged in the third quarter.

On the supply side of lending, survey respondents said the unsecured credit to households was expected to drop slightly in the third quarter. Meanwhile, availability of secured credit was expected to remain unchanged.

Further, the overall availability of credit to the corporate sector was expected to remain unchanged in next quarter. The second quarter survey was conducted between May 21 and June 8.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: DI Rates Close Slightly Lower On Powell Remarks (21 min(s), 48 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil ended lower, reflecti ...Full Story»

Australia Leading Index On Tap For Wednesday (15 min(s), 48 sec(s) ago)
(RTTNews) - Australia will on Wednesday release June results for the leading economic index from W ...Full Story»

Powell: Gradually Raising Interest Rates The Best Way Forward (43 min(s), 48 sec(s) ago)
(RTTNews) - Federal Reserve Chairman Jerome Powell reiterated during testimony on Capitol Hill on ...Full Story»

U.S. Homebuilder Confidence Holds Steady In July (47 min(s), 48 sec(s) ago)
(RTTNews) - Homebuilder confidence in the U.S. has held steady in the month of July, according to ...Full Story»

U.S. Industrial Production Rebounds In Line With Estimates In June (45 min(s), 48 sec(s) ago)
(RTTNews) - Partly reflecting a rebound in auto production, the Federal Reserve released a report ...Full Story»

UK Pay Growth Slows Amid Record Employment (43 min(s), 48 sec(s) ago)
(RTTNews) - Britain's employment level set a fresh record in the three months to May and unemp ...Full Story»

Poland's Avg Gross Wages Rise More Than Forecast (21 min(s), 48 sec(s) ago)
(RTTNews) - Poland's average gross wages increased more than expected in June, figures from St ...Full Story»

Croatia Inflation Highest Since Apr 2013 (09 min(s), 48 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation accelerated further in June to the highest leve ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: DI Rates Close Slightly Lower On Powell Remarks

07/17/2018 - 20:06 PM (RTTNews)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil ended lower, reflecti ...Full Story>>

Australia Leading Index On Tap For Wednesday

07/17/2018 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Wednesday release June results for the leading economic index from W ...Full Story>>

Powell: Gradually Raising Interest Rates The Best Way Forward

07/17/2018 - 11:28 AM (RTTNews)
(RTTNews) - Federal Reserve Chairman Jerome Powell reiterated during testimony on Capitol Hill on ...Full Story>>

U.S. Homebuilder Confidence Holds Steady In July

07/17/2018 - 10:32 AM (RTTNews)
(RTTNews) - Homebuilder confidence in the U.S. has held steady in the month of July, according to ...Full Story>>

U.S. Industrial Production Rebounds In Line With Estimates In June

07/17/2018 - 09:30 AM (RTTNews)
(RTTNews) - Partly reflecting a rebound in auto production, the Federal Reserve released a report ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.