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Money Supply
There are different way to measure the growth of the money supply, with each country varying in their preferences. As more money is printed and put into circulation, it has an effect of increasing inflation, which would tend to lead to higher interest rates.

Main Indicator: M4 Money Supply

Most Recent Release

September
18th, 2008
Actual Forecast Previous Revised Form
1.4% 0.7% 0.9% N/A

For July

M4 y/y: 11.5%, forecast 10.6%, pr. 11.2%, 11.5%, 10.0%

Table of Past Data

1/212/203/204/184/295/216/197/188/209/18
Actual1.5%1.3%0.3%0.8%0.8%0.7%0.4%2.0%0.9%1.4%
Forecast0.4%0.9%1.0%0.5%0.6%0.5%0.4%0.5%0.7%
Previous0.5%1.6%1.5%0.2%0.8%0.8%0.5%0.4%1.8%0.9%
Revised FromN/A1.5%1.4%N/AN/AN/A0.6%N/A2.0%N/A

Past Releases

August
20th, 2008
Actual Forecast Previous Revised Form
0.9% 0.5% 1.8% 2.0%

For June

M4 y/y: 11.2%, forecast 10.7%, pr. 11.5%, 10.0%

July
18th, 2008
Actual Forecast Previous Revised Form
2.0% 0.4% 0.4% N/A

For June (prelimin)

M4 y/y: 11.5%, forecast 9.7%, pr. 10.0%

June
19th, 2008
Actual Forecast Previous Revised Form
0.4% 0.5% 0.5% 0.6%

For May

M4 y/y: 11.2%, forecast 10.5%, pr. 11.1%

May
21st, 2008
Actual Forecast Previous Revised Form
0.7% 0.6% 0.8% N/A

For April

M4 y/y: 11.2%, forecast 11.1%, pr. 11.9% (Mar), 12.4% (Feb)

April
29th, 2008
Actual Forecast Previous Revised Form
0.8% 0.8% N/A
April
18th, 2008
Actual Forecast Previous Revised Form
0.8% 0.5% 0.2% N/A

For March

M4 y/y: 12.0%, forecast 11.6%, pr. 12.4% 

March
20th, 2008
Actual Forecast Previous Revised Form
0.3% 1.0% 1.5% 1.4%

For February

M4 y/y: 12.3%, forecast 12.9%, pr. 12.9% (Jan), 12.3% (Dec), 11.7%(Nov)

February
20th, 2008
Actual Forecast Previous Revised Form
1.3% 0.9% 1.6% 1.5%

For January

M4 y/y: 12.9%, forecast 11.9%, pr. 12.3% (Dec), 11.7%(Nov)

Money growth in the UK for January unexpectadly accelerated on an annual basis. The M4 money supply grew 12.9% on the year, rising from December's 12.3%. It was the highest level since August last year.  

January
21st, 2008
Actual Forecast Previous Revised Form
1.5% 0.4% 0.5% N/A
Preliminary for December.
Money Supply y/y: 12.3%, forecast 11.0%, pr. 11.7%(Nov)

A surge in money supply means higher economic activity, which goes against expectations of a slowdown in the UK. It softens the credit crunch and adds to inflationary pressure as well, making it less likely the BoE will cut rates in February.

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