Bank of England survey finds rising mortgage and credit card default rates, with credit card borrowing demand expected to increase further by May.
Rising default rates on mortgages and credit cards, revealed by a Bank of England survey of lenders, are expected to increase further in the coming months. Demand for credit card borrowing has surged recently and is anticipated to rise even higher by the end of May. The overall demand for non-mortgage lending has risen in recent months and is set to continue its upward trajectory.
April 11, 2024
10 Articles