1 June 2005, 13:33  UK M4 money supply rose 0.7 %

UK M4 money supply rose 0.7 pct in April from the previous month on a seasonally adjusted basis, unchanged from the preliminary estimate, the Bank of England said. On a year-on-year basis, M4 increased by 10.5 pct, slightly up on the preliminary estimate of 10.4 pct. M4 refers to "broad money", which includes cash and coins in circulation, bank deposits and money market paper. The BoE also reported that M4 lending expanded a seasonally adjusted 9.8 bln stg, revised down from the preliminary estimate of 10.2 bln stg. M4 lending refers to sterling loans made by the central bank, banks and building societies to the private sector.

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