RTTNews - Thursday, the Bank of England said in a preliminary report that the M4 money supply grew 16.6% year-over-year in May, slower than the 17.4% increase in April. Economists had expected an increase of 17.3%.
On a monthly basis, the M4 money supply rose 0.2% in May, marking the same pace as in the previous month. Economists were looking for an increase of 0.7%.
Meanwhile, the M4, excluding the effects of securitizations, rose 13.7% year-on-year in May, compared to the 12.8% rise in April. Month-on-month, it rose 0.9% from 0.3% fall in April.
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