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Category Archives: Lending

International Economic Update

The Federal Reserve Bank of Dallas has just published an International Economic Update by Patrick Roy. This examines the dramatic turnaround in growth in the second quarter in a number of emerging economies. Although the substantial growth in some Asian countries could be put down to strong trade ties with China and India, Roy points out that most of these … Continue reading

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Consumers rediscover thrift

After racking up total debts of just under £1.5 trillion, UK consumers are cutting back and borrowing less. Figures from the Bank of England show that consumers repaid loans to the tune of £600m in July, which was the first net repayment since records began in 1993.   In fact the 12-month growth rate of total net lending to individuals … Continue reading

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Bank lending continues to fall

The Bank of England has just published its Trends in Lending report which seems to present nothing but bad news. It says that in the second quarter of 2009 total net lending to businesses fell across all the main industrial sectors.  Gross lending (not allowing for any repayments) fell from £42.9bn in the first quarter of 2009 to £27.3bn in … Continue reading

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A difficult position for a long time to come

“We will still find ourselves in a difficult position for a long time to come”, said Mervyn King, governor of the Bank of England, in the Bank’s latest quarterly inflation report. He noted that the economy is still in a deep recession and our financial system remains “fragile”.   In fact the governor reported bad news and good news as … Continue reading

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Lending growth virtually grinds to a halt

The increase in total net lending to individuals in May was £0.6 billion, which was lower than both the April increase of £1.1bn and the six month average of £1.3bn. The twelve-month growth rate also continued to fall. It was 2.6% in February, 2.1% in March, 1.7% in April and only 1.4% in May. These figures were published yesterday by … Continue reading

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