Pantheon Macroeconomics

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29th Mar 2022 18:00U.K., Daily Monitor

  • Slowing money supply growth and households' continued reluctance to deplete savings are worrying signs...
  • ...But real expenditure could still rise this year if the recovery in unsecured borrowing gathers momentum.
  • Mortgage approvals have further to fall this year, but remortgaging activity should remain strong.

BoE consumer credit cpi credit employment gdp growth headline rate house purchase March money supply mortgage mortgage approvals mortgage rates mortgages nominal gdp nominal gdp growth November real gdp savings unsecured borrowing

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Keywords for: Households Still Aren't Drawing on Savings, But Borrowing is Picking Up

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