23 April 2001, 12:42 BOE provisonal UK adj Mar M4 money supply-STATS and OVERVIEW
--BOE: UK prov adj Mar M4 money +0.7% on month; +8.4% on year
--BOE: UK provisional adj Mar M4 lending +8.9 bln stlg
London, April 23 (BridgeNews) - Seasonally adjusted U.K. M4 broad
money supply grew slightly faster than forecast in March, rising a
provisional monthly 0.7% and an annual 8.4%, the Bank of England said
Monday. Adjusted M4 bank lending increased by 8.9 billion sterling.
Forecasts were for a 0.5% monthly and an 8.3% annual rise in M4.
* * *
The March data revealed signs of broad money growth slowing. The
year-on-year growth rate was below the revised 9.4% recorded in February,
originally reported as 9.0%, and down on January's 9.7%.
The 8.9-billion-sterling rise in M4 lending was, however, well up on
the revised 6.8 billion growth recorded in February, originally reported
as 6.4 billion. March M4 lending would have been 1.5 billion higher still
if it had not been for the results of a securitization, the Bank of
England said.
The following tables give provisional U.K. M4 monetary statistics for
March. All data are month-on-month and seasonally adjusted. Data from the
previous month are in brackets. An r indicates a revision.
March
Month-on-month 0.7 (0.3)
3 months annualized 9.5 (9.1r)
6 months annualized 7.5 (6.7r)
Year-on-year 8.4 (9.4r)
M4 measures all bank and building society deposits together with notes
and coins in circulation and certificates of deposit. M0 meanwhile refers
to UK notes and coins in circulation and banks' deposits with the Bank of
England.
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