Interest Rates and the Money Supply: Economic indicators page - Commons Library Standard Note

Published 02 August 2013 | Standard notes SN02802

Authors: Daniel Harari

Topic: Economic policy, Economic situation

At their August meeting, the Governing Council of the European Central Bank voted keep the main interest rate for the eurozone at 0.5%.

At their August meeting, the Bank of England's Monetary Policy Committee voted to leave the Base Rate unchanged at 0.5% and to maintain the Asset Purchase Programme (quantitative easing) at £375 billion.

Annual growth in the money supply measure M4 excluding intermediate other financial corporations (a measure monitored by the Bank of England Monetary Policy Committee) was 5.0% in June 2013, down from 5.2% in May. Annual growth in the value of notes and coins in circulation in June 2013 was 4.7%, down from 4.9% in May.

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