LONDON (MNI) – Below is a poll of analysts’ forecasts for the Bank
of England lending data for February, due on March 29 at 0930BST.
January’s release showed twitches of activity in the zombified UK
mortgage market with approvals edging up and net lending secured on
dwellings rising at its fastest pace since Feb 2010, although unsecured
borrowing fell.
Analysts are tipping mortgage approvals to rise again in February,
in light of rises in approvals in the BBA and BOE Trends in Lending
series, both of which cover the major banking groups. M4 broad money
data for Jan showed that on an 12-month annualised rate money growth
fell to its lowest level since the series began.
!Feb !Feb ! Feb
!BOE !BOE ! BOE
!Mortgage !Net ! Net
!Approvals !Mortgage ! Consumer
!000s !Lending bln! Credit bln
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Median forecast 46.8 1.2 0.0
High forecast 48.0 1.5 0.8
Low forecast 45.0 0.7 -0.3
Previous Period 45.7 1.8 -0.3
Number of responses 8 4 8
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Barclays Cap. 47.0 1.4 -0.1
BNP Paribas 46.0 N/A 0.0
Capital Economics N/A N/A 0.0
Citi 45.0 N/A N/A
Global Insight 46.5 1.5 -0.1
Investec 48.0 0.9 0.0
JP Morgan 47.0 N/A 0.8
Soc. Generale 48.0 N/A -0.3
UBS 46.0 0.7 0.1
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[TOPICS: M$B$$$,MABDS$]