Wednesday, the Bank of England announced that the M4 money supply grew 17.6% year-on-year in March, slower than an 18.6% rise in February. Economists expected the money supply to increase 19.2%.

On a monthly basis, the M4 money supply was flat in March, after rising 1.5% in the previous month. Economists expected a 1.2% rise in money supply.

Meanwhile, the M4, excluding the effects of securitizations, rose 15.5% year-on-year, and 1% from the previous month in March.

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