UK Nov M4 money supply up 0.4 pct from Oct, up 8.5 pct yr-on-yr; Below forecasts
Monday, December 20, 2004 9:58:17 AM
afxpress.com
LONDON (AFX) - M4 money supply was up 0.4 pct in November from the previous month on a seasonally adjusted basis, the Bank of England said in its provisional M4 release
The rise was below analysts' expectations for a 0.6 pct gain and compares with a 0.8 pct increase in October
On a year-on-year basis, M4 increased 8.5 pct, down on October's 9.8 pct and expectations of 9.1 pct growth
M4 refers to "broad money," which includes cash and coins in circulation, bank deposits, and money market paper
In its provisional M4 release, the Bank also reported that M4 lending expanded a seasonally adjusted 7.7 bln stg, well down on the 13.5 bln predicted and up 0.5 pct from October
The 12-month growth rate fell to 10.9 pct from 11.4 pct in October, the BoE said
Excluding the effects of securitisations, M4 lending rose 8.1 bln stg in November
M4 lending refers to sterling loans made by the central bank, banks, and building societies to the private sector
The full M4 release will be posted at the following website: www.bankofengland.co.uk jkm/jc |
