February’s money and credit data suggest that higher interest rates were a further drag on lending in February, particularly in the housing market. That’s before the effects of the recent concerns over the health of global banks are felt, which may prompt UK banks to tighten credit conditions further. We still expect the economy to enter a recession.
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 gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services