UK mortgage approvals unexpectedly declined in February and consumer credit growth accelerated amid rising cost of living, data from the Bank of England showed on Tuesday.
Approvals for house purchases, an indicator of future borrowing, fell to 71,000 in February from 73,800 in January. Approvals were forecast to rise to 74,850.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.