Wednesday January 30, 05:06 PM
Consumer borrowing starts to cool
By Barney McCarthy
The latest figures from The Bank (TBHS - news) of England reveal that unsecured borrowing is starting to slow down.
The increase in net consumer credit in December, £0.6bn, was below that in November (Frankfurt: A0S9N7 - news) and below
the previous six-month average.
Net credit card lending rose by £0.3bn, slightly below the increase in November.
Net other loans and advances also rose by £0.3bn, £0.6bn lower than the November increase.
The annual and three-month annualised growth rates of consumer credit fell by 0.3% to 5.7% and 1.6% to 6.3% respectively.
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