Friday, January 4, 2008

UK money supply

The Bank of England are still turning the printing presses, pouring out all that easy money to fire up inflation. In November, U.K. M4 money supply grew 0.5% from the prior month. Annual growth for November was revised up to 11.7% from 11.1%. In October, money supply growth stood at 11.8%.

M4 lending, excluding the effects of securitisations rose 21.2 billion pounds in November. M4 lending increased 0.9% month-on-month, while it moved up 14.4% on year