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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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