Mortgage growth fuels talk of rate rise - 2004-03-29
Mortgage lending expanded at a blistering pace in February, the Bank of England declared today, fuelling speculation of a rise in interest rates as soon as next week.
Lending secured on dwellings rose by £8.9bn last month, more than the £8.4bn gain in January, and up a record 14.5% on the year. Unsecured lending rose by £1.7bn. It was down from January's revised £2bn gain but stronger than the £1.6bn increase expected by analysts.
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