UK Revises M4 Money Supply Growth For August

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Tuesday, the Bank of England said in a final report that the M4 money supply increased 12.5% year-on-year in August, slower than the 14.4% growth in the previous month. The August money supply growth was revised from 12.6% increase reported initially.

On a monthly basis, the money supply rose 0.1% in August, unrevised from the previous month. In July, the money supply was up 1.3%.

Meanwhile, the M4 lending, excluding the effects of securitisations etc. increased 8.5% on an annual basis in August and it was a flat reading from the previous month.

Tuesday, the Bank of England said in a final report that the M4 money supply increased 12.5% year-on-year in August, slower than the 14.4% growth in the previous month. The August money supply growth was revised from 12.6% increase reported initially. (Market News Provided by RTTNews)