U.K. witnessed a bigger-than-expected increase in home loans during May, data released by the Bank of England revealed on Monday.
The number of loans approved for house purchase were a seasonally adjusted 58,242, sharply higher than 54,354 approved in the previous month. Economists had expected approvals to total 54,800 for the month.
The net consumer credit grew in line with expectations in May, up GBP 0.7 billion. In April, the growth was GBP 0.6 billion.
Secured lending increased by GBP 0.3 billion, which was smaller compared to April's GBP 0.7 billion growth. Economists had expected the momentum to continue.
M4 money supply shrunk 0.1 percent annually in May, down for the second straight month. Month-on-month, money supply declined 0.1 percent, following a 0.3 percent gain in the previous month.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.