Friday, a final report from the Bank of England showed that the M4 money supply grew 16.4% year-on-year in November, slightly revised up from 16.3% increase reported in the preliminary report. The annual growth accelerated from 15.3% recorded in October.
On a monthly basis, money supply rose 1.2% in November unchanged from the preliminary estimate, but slower than the 2.8% growth recorded in the prior month.
M4 sterling lending rose by GBP14.4 billion, revised from GBP17.8 billion. This represents a monthly increase of 0.6% and an annual growth of 13.7%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.