Wednesday, February 29, 2012
A money supply jump
Posted by David Smith at 02:00 PM
Category: Thoughts and responses

Weak money supply growth has been one of the Bank of England's concerns but the January numbers suggest a significant bounce. The three month annualised growth of the M4 money supply measure rose to 4.2% in January from minus 0.9% in December, helped by a 29 billion jump in this broad money measure. It would be tempting to see this as a direct response to the resumption of quantitative easing in October but it is not clear this is the case. More details here.