UK Finance's August review: sentiment rebounds, rates on hold
The banking industry's monthly wrap covers the recovery in consumer mood, June's CPI and the Bank Rate decision.
UK Finance, the banking and finance trade body, published its August Monthly Economic Review — the industry's regular digest of the month's data, this time centred on the rebound in consumer sentiment, June's CPI reading and the Bank of England's decision to hold rates.
The value of the review is the lens: it reads the macro data from the standpoint of lenders, so shifts in confidence and rate expectations are traced through to what they mean for credit demand and household finances.
Its themes match the wider month — a consumer recovering faster than the hard spending data yet show, and a central bank content to wait.
The full review is on the UK Finance site at the link below.