On this edition of Economic Update. What did recent Bank of England money and credit data reveal about the direction of mortgage approvals, and how does the UK picture compare to the US market?
Plus, as central banks wrestle with rising interest rates, our UK chief economist James Sproule happily digs into the very long term data to reveal what's a stable long-term interest rate.
Catch up with James and UK economist Daniel Mahoney in under 15 minutes.
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Bank of England Money and Credit Data:
Money and Credit - May 2023 | Bank of England
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