The 'BoE Consumer Credit' report in the UK measures the change in the total value of new credit issued to consumers, including credit card debt and personal loans. It is an important indicator of consumer confidence and spending, as higher credit levels suggest increased consumer spending, which can drive economic growth. Financial markets closely watch this data as it can influence monetary policy decisions by the Bank of England, impacting interest rates and overall economic activity. A significant increase or decrease in consumer credit can signal shifts in economic momentum, affecting investor sentiment and market dynamics.
The 'BoE Consumer Credit' report in the UK measures the change in the total value of new credit issued to consumers, including credit card debt and personal loans. It is an important indicator of consumer confidence and spending, as higher credit levels suggest increased consumer spending, which ...