Consumer credit held steady in June as the Bank of England considers whether to raise interest rates for only the second time since 2007.
Unsecured lending rose 8.8 percent from a year earlier, the same rate as in the previous two months, the U.K. central bank said on Monday. It grew 1.6 billion pounds on the month.
The BOE is widely expected to deliver a quarter-point rate hike on Thursday to keep a lid on inflation. That may start to damp demand for loans after a decade of rock-bottom interest rates since the financial crisis encouraged consumers to borrow.
Credit cards account for an increasing share of consumer credit, outpacing personal loans, overdrafts and car finance, the BOE said. Card lending increased an annual 9.5 percent in June, compared to 8.5 percent growth in other loans.
Spending exceeded incomes in 2017 for the first time in three decades, a report published by the Office for National Statistics showed last week.
Separate figures showed the mortgage market little changed, with the number of home-loan approvals climbing to 65,619 in June.