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UK consumer lending growth slows to weakest since mid-2015: Bank of England

The central bank raised interest rates for the first time in more than a decade in November


British consumers increased their borrowing by the smallest amount since mid-2015 in the three months to November, suggesting households are slowly reining in spending, Bank of England figures showed on Thursday. Britain's economy saw lacklustre growth for most of 2017 - especially compared to its faster-growing neighbours - and Thursday's BoE data suggest this pattern continued towards the end of the year. The central bank said unsecured consumer lending in the three months to November grew at an annualised rate of 8.5 percent, down from 9.3 percent in the three months ...

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First Published: Thu, January 04 2018. 16:50 IST