Commenting on the Bank of England's Credit Conditions Survey Q4 2015, BBA Chief Economist Richard Woolhouse said:
'This data demonstrates that banks are lending to households and businesses right across the country. Credit conditions are improving as demand for lending from households gathers steam.
'Unsecured lending increased significantly but it remains well below pre-crisis levels. This suggests that reports the economy is in the midst of a credit bubble are most likely misguided.'
ENDS
For more information please contact the BBA press office on 0207 216 8989.
You can read the Bank of England report here: http://www.bankofengland.co.uk/publications/Pages/other/monetary/ccs/2016/q4.aspx
BBA - The British Bankers' Association issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 15:35:28 UTC
Original Document: https://www.bba.org.uk/news/press-releases/bba-comments-on-bank-of-englands-credit-conditions-survey-q4-2015/
