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UK M4 money supply rose above expectations in August |
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FXstreet.com (Barcelona) – UK’s M4 money supply has risen well above the previous six months average level in August, according to provisional figures released by the Bank of England.
In August, M4 money supply has risen 1.4% on the month; or by GBP24.6 billion, well above the last six months average of 13.6 billion. Year on year, M4 has increased 11.5%, from a 11.2% increase posted in July.
M4 lending has risen by GBP22 billion, or 1.0%, while it has risen 12.3% from August last year. In July, M4 lending rose 12.3%, down from 12.7% in July.
Posted originally: 9/18/2008 8:54:00 AM
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