UK August M4 Money Supply Growth Slows

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Friday, the Bank of England said in a preliminary report that the M4 money supply increased 12.6% year-over-year in August, slower than the 14.4% growth in July, revised from 14.5% rise reported initially. Economists expected an increase of 13.8%.

On a monthly basis, the money supply rose 0.1% in August, slowing from 1.3% growth in July, revised from a 1.5% increase estimated initially. Economists were looking for an increase of 0.8%.

Meanwhile, the M4 lending, excluding the effects of securitisations etc increased 8.5% annually in August, slower than the 10% increase in July, and it was a flat reading compared to the preceding month.

Friday, the Bank of England said in a preliminary report that the M4 money supply increased 12.6% year-over-year in August, slower than the 14.4% growth in July, revised from 14.5% rise reported initially. Economists expected an increase of 13.8%. (Market News Provided by RTTNews)