Confusion over bank mortgage approvals

The data seems inconclusive and commentators divided.

UBS economist Robin Clements says that in spite of Bankers Association assertions that the growth rate of loan approvals has slowed sharply, “there is little to suggest that the level of approvals has done anything worse than flatten over recent months".

“Of the housing metrics, house sales is the only one to show obvious softness of late and this could yet prove to be weather related.

 

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