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UK Money and Credit: June 2016
UK broad money, M4ex, is defined as M4 excluding intermediate other financial corporations (OFCs). M4ex increased by £18.6 billion in June, compared to the average monthly increase of £8.3 billion over the previous six months. The three-month annualised and twelve-month growth rates were 8.0% and 5.8% respectively. M4Lex is defined as M4 lending excluding intermediate OFCs. M4Lex increased by £22.1 billion in June, compared to the average monthly increase of £10.1 billion over the previous six months. The three-month annualised and twelve-month growth rates were 7.3% and 6.8% respectively. Households’ holdings ... (full story)