(MenaFn) Lending of the bank to SMEs rose to USD5.9 billion in July compared to USD5.6 billion in June while the average was USD5.2 billion in the last six months, according to The Telegraph.
A new policy by Mark Carney called "forward guidance" led small businesses in Britain to pay back bank loans a total of USD6.3 billion reaching the highest repayment level in July.
The policy, which was officially launched at the beginning of August, aims to keep interest rates low and encourage companies to invest and borrow, as Mr Carney stated.
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