Thursday, 31 October 2013

UK M4 Money Supply in September Expands at Fastest Pace since December 2010 (YoY basis)

Base Money in the UK decreased 0.44% on August to end September on £361.206 billion according to data from Bank of England. Compared to September last year it increased 11.0%.

The M3 Money Supply (sterling and all foreign currency M3) in the UK expanded 4.0% in September compared to the same month last year, the lowest year on year (YoY) growth rate since April. 

The M4 money supply (monetary financial institutions sterling M4 liabilities to private sector) expanded at the fastest YoY pace since December 2010. At 2.9%, the YoY growth rate however remains relatively low based on historical growth rates. 

No comments:

Post a comment