19.08.201005:40:00UTC+00UK July M4 Money Supply Grows

The broad money supply in U.K increased in July from the previous month, preliminary estimates by the Bank of England showed on Thursday.

The M4 money supply grew 0.4% on a monthly basis in July, faster than a 0.1% rise in the previous month. Economists were looking for an increase of 0.3%.

On an annual basis, the M4 money supply increased 2.3% in July, slower than a 3.1% growth in the previous month. Economists had expected an increase of 2%.

Meanwhile, the M4 lending, excluding the effects of securitisations etc. increased 0.5% on an annual basis in July, slower than a 1.3% rise in the previous month. It fell 0.4% month-on-month.

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