mpc: 12 There were contrasting signals from the monetary data. The annual growth rate of aggregate M4
had risen, by 1.2 percentage points, to 11.2% in September. The annual growth rate of aggregate M4
lending (excluding the effects of securitisations) had also risen, to 11.5% in September from 11.4% in
August. But the twelve-month growth rate of notes and coin, adjusted for special factors, had eased by
0.2 percentage points, to 3.6% in October.
Make a comment: