4 May 2006
New Bank of England (BoE) figures reveal that total lending on products such as secured loans, credit cards and mortgages rose £9.6 billion in March.
The figure was higher than increase in February and broadly in line with the previous six month average, the BoE said.
However, the twelve-month growth rate weakened to 10.2%, from 10.3% in February.
The increase in consumer credit of £0.3 billion was much lower than in February and credit card lending increased by £0.2 billion in March compared with £0.5 billion in February.
Other loans and advances rose by £0.1 billion (down from £0.8 billion in February). The annual growth rate of consumer credit continued to fall, to 7.5% in March.
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