UK broad money, M4ex, is defined as M4 excluding intermediate other financial corporations (OFCs). M4ex increased by £7.7 billion in October, compared to the average monthly increase of £6.0 billion over the previous six months. The three-month annualised and twelve-month growth rates were 3.7% and 4.5% respectively. M4Lex is defined as M4 lending excluding intermediate OFCs. M4Lex increased by £2.0 billion in October, compared to the average monthly increase of £4.7 billion over the previous six months. The three-month annualised and twelve-month growth rates were 3.6% and 3.3% respectively. Households’ holdings of ... (full story)