Data this week confirmed that annual mortgage credit growth slowed to a 35-year low of just 3.1% in December, with the slowdown reflecting subdued home sales and lower house price inflation. More worryingly for the outlook, after some promising signs of life consumer credit growth slowed sharply at the end of last year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services