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UK Money and Credit: July 2015
UK broad money, M4ex, is defined as M4 excluding intermediate other financial corporations (OFCs). M4ex increased by £8.4 billion in July, compared to the average monthly increase of £5.1 billion over the previous six months. The three-month annualised and twelve-month growth rates were 3.7% and 4.2% respectively. M4Lex is defined as M4 lending excluding intermediate OFCs. M4Lex increased by £9.0 billion in July, compared to the average monthly increase of £3.5 billion over the previous six months. The three-month annualised and twelve-month growth rates were 2.5% and 2.3% respectively. Households’ holdings of ... (full story)