UK mortgage approvals declined more than expected to a five-month low in July as higher interest rates act as a drag on the housing market, data from the Bank of England revealed on Wednesday. Approvals for house purchases, an indicator of future borrowing, declined to 49,444 in July from 54,605 in June. That was below economists' forecast of 51,000. The 'effective' interest rate, which is the act...
For comments and feedback contact: editorial@rttnews.com
Business News
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.