Tuesday, 30 April 2013

Narrow Money and M3 Money Supply in the UK Expand Rapidly in March

Narrow Money increased 17.3% (annualised) in March compared to February according to figures just released by the Bank of England (BOE). The M3 Money Supply also increased rapidly on previous month, expanding 5.4% on an annualised basis.

Compared to the same month last year, narrow money increased by 5.4% while M3 money supply increased 4.2%. Both however remain lower than the all-time highs hit in December 2012 and March 2010, respectively.

M4 money supply however declined on February, but increased 1.1% on same month last year.

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