Tuesday April 29, 10:41 AM
Net consumer credit falls in March
By Kate O'Raghallaigh
Net consumer credit which includes credit cards and personal loans increased by £1.2bn in March, down from Februarys increase of £2.3bn, according to the Bank of England (BoE).
BoE statistics revealed that, although net credit card lending
remained on par with Februarys increase of £0.4bn, net loans and other advances increased by £0.9bn, less than Februarys figures.
The annual growth rate of consumer credit rose by 0.2% between February and March, while the monthly rate of growth fell by 0.5%. Outstanding consumer credit currently stands at £229.5bn.
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