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Hi All :tinysmile_grin_t:
This is interesting...
Less Crunch More Credit To Come Says Bank
More credit is expected to be made available to businesses and households over the next three months, the Bank of England says.
In a sign that the credit crunch may be easing its grip, around 15% more banks and building societies said they expected there to be a small increase in lending to households during the second quarter, according to a Bank of England report.
That is the first time they have predicted a rise since September 2007.
More than a quarter of lenders also expect an increase in the amount of credit being made available to businesses.
The news comes as the stock market rallied and house prices rose for the first time since 2007.
Source >>> Less Crunch More Credit To Come Says Bank - Yahoo! News UK
bfxx
This is interesting...
Less Crunch More Credit To Come Says Bank
More credit is expected to be made available to businesses and households over the next three months, the Bank of England says.
In a sign that the credit crunch may be easing its grip, around 15% more banks and building societies said they expected there to be a small increase in lending to households during the second quarter, according to a Bank of England report.
That is the first time they have predicted a rise since September 2007.
More than a quarter of lenders also expect an increase in the amount of credit being made available to businesses.
The news comes as the stock market rallied and house prices rose for the first time since 2007.
Source >>> Less Crunch More Credit To Come Says Bank - Yahoo! News UK
bfxx
