first_img whatsapp Cheer as supply of money rises Show Comments ▼ More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and M4 money supply, the amount of cash in circulation in the UK economy, grew by £12.8bn in August, after a £0.2bn fall in July, official statistics published yesterday revealed. This represented a three-month annualised growth of 4.5 per cent. The data showed that in August, money holdings of private non-financial corporations (PNFCs) gained 0.9 per cent, pushing annual growth up to five per cent. While the corporate liquidity ratio – sterling and foreign currency deposits divided by borrowing – rose to its highest level since the second quarter of 2007. Excluding property companies, the liquidity ratio is close to the top of its range in recent years, supporting hopes of a further pick-up in business investment and hiring. Monetary expansion also continues to be supported by an influx of foreign funds – overseas investors bought £9.5bn of gilts and Treasury bills in August, bringing the year-to-date total to £62.1bn, while “monetary financial institutions’ externals” contributed £15.1bn to the increase in M4. “August monetary statistics are encouraging, suggesting a continued economic recovery and arguing against more quantitative easing,” said Henderson’s Simon Ward.But Alan Clarke at BNP Paribas said money supply growth was “too slow” and that combined with weaker service sector output GDP growth in the UK could falter in the second half of the year or even go into negative territory. Monetary Policy Committee member Adam Posen raised the possibility the Bank may have to restart its policy of quantitative easing again on Tuesday saying the UK faced a long period of sluggish growth. Share whatsapp Wednesday 29 September 2010 11:18 pm Tags: NULL KCS-content last_img

Cheer as supply of money rises

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