We are borrowing €50m a month for holidays and cars

Households are borrowing €50m a month to buy big-ticket consumer items like cars, home improvements and holidays.

We are borrowing €50m a month for holidays and cars

However, this still falls short of a spending splurge say experts.

“April 2017 recorded net lending of €161m in consumer loans, which was the largest monthly net increase since early 2011,” a Central Bank spokesman said last night.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited