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1st Apr 2024 17:12UK, Daily Monitor

  • February’s money and credit data show consumer caution fading, which should support GDP growth.
  • Mortgage approvals hit an 18-month high, and lumpsum repayments fell to their lowest since May 2020.
  • Declines in mortgage interest rates this year will boost the housing market and spending further.

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Keywords for: 3 April 2024 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence