The Bank of England has published its quarterly assessment of lending in the UK economy, the Trend in Lending report for April 2015.
Key points to note include:
- the rate of growth in some measures of the stock of lending to UK businesses picked up in the three months to February;
- mortgage approvals by all UK-resident mortgage lenders for house purchases rose slightly in the three months to February compared to the previous period;
- respondents to the Bank of England’s 2015 Q1 Credit Conditions Survey reported that spreads on new lending to large businesses fell significantly; and
- demand for secured lending fell significantly in the three months to early March 2015.
The report can be read in full here.