The 'Net Lending to Individuals MoM' in the UK measures the monthly change in the total value of new credit issued to consumers, including mortgages, personal loans, and credit card borrowing. It is an important indicator of consumer confidence and spending, as increased borrowing typically suggests higher consumer spending, which can stimulate economic growth. Financial markets closely watch this data for insights into the health of the consumer sector and potential impacts on monetary policy decisions by the Bank of England. A significant change in net lending can influence interest rates, currency values, and stock market movements.
The 'Net Lending to Individuals MoM' in the UK measures the monthly change in the total value of new credit issued to consumers, including mortgages, personal loans, and credit card borrowing. It is an important indicator of consumer confidence and spending, as increased borrowing typically sugge...