These monthly statistics on borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the banking system. Key points: Mortgage market activity has remained stable, notwithstanding mortgage approvals for house purchase being at their highest level since July 2017, and net mortgage lending rising in July. Net consumer credit rose by £0.9 billion in July, broadly in line with the average seen over the past year. UK businesses made net repayments of £2.5 billion of finance in July. This was the first net repayment since February.The ... (full story)