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The Federal Reserve said on Friday that total borrowing dropped by $17.5 billion in November, a much bigger decline than the $5 billion decrease expected by economists.
The Federal Reserve said Tuesday that consumer borrowing dropped at an annual rate of $7.48 billion in February from January, which amounts to a 3.5percentt annual rate of decline.
But citing a Fed statistic that consumer borrowing dropped $7.9 billion in November, the biggest drop in 65 years, Citi cautioned against big expectations for a lending glut.
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What he may hope is that the effect on companies' investment decisions could be faster, as their cost of borrowing drops and as they then reduce the hurdle rates they impose as a test for new projects and equipment purchases.
Meanwhile Xstrata, which has been hit by concerns about its borrowing levels, dropped 54.5p to 575p.
"The cost of borrowing has dropped across the market, with rates on higher loan-to-values also falling.
Italy's short-term borrowing costs dropped sharply on Wednesday at an auction of government bills, easing the immediate pressure on the country's economy.
The deficit halved - in cash terms, public sector net borrowing has dropped by 40% from £91.3bn to £76.5bn, according to ONS/OBR figures.
It emerged from a two-year recession late last year as investor confidence returned and the country's borrowing costs dropped from perilously high levels in 2012 to pre-crisis rates this year.
In another development on Monday, Italian government borrowing costs dropped to their lowest rates for almost eight years.
But in the last seven months, as property prices and the cost of borrowing have dropped, the hard-bargaining cable magnate's land grab shifted into overdrive.
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