(Reuters) -British consumer lending grew at the weakest pace since mid-2022 in November and lenders approved fewer mortgages than expected, according to Bank of England data released on Friday which chimes with other indications of a slowing economy. The annual growth rate of consumer credit cooled in November to 6.6% from 7.3%, its slowest pace of expansion since June 2022, the BoE data showed.
(Reuters) -British consumer lending grew at the weakest pace since mid-2022 in November and lenders approved fewer mortgages than expected, according to Bank of England data released on Friday which chimes with other indications of a slowing economy. The annual growth rate of consumer credit cooled in November to 6.6% from 7.3%, its slowest pace of expansion since June 2022, the BoE data showed.
(Reuters) -British consumer lending grew at the weakest pace since mid-2022 in November and lenders approved fewer mortgages than expected, according to Bank of England data released on Friday which chimes with other indications of a slowing economy. The annual growth rate of consumer credit cooled in November to 6.6% from 7.3%, its slowest pace of expansion since June 2022, the BoE data showed.
