Global Economic News

UK Mortgage Approvals At 2-Year Low

UK mortgage approvals declined to a two-year low in January, while consumer credit logged a faster increase, data from the Bank of England showed Monday.

Net mortgage approvals for house purchases decreased unexpectedly to 59,999 in January from 61,007 in December. The number was forecast to rise to 62,000.

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by Renju Jaya

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