UK M4 Money Supply Growth Slows to 4.5% Amid Inflation Pressures

The UK's M4 money supply growth slowed to 4.5% in July from a revised 5% in June, according to data released by the Bank of England.

This decrease marks a modest tightening in monetary conditions as the central bank continues to manage liquidity amid persistent inflation pressures.

M4 is the broadest measure of money in the UK economy, encompassing cash, bank deposits, and other liquid financial assets. It serves as a key indicator of spending power and overall economic activity.

The Bank of England's efforts to curb inflation, which peaked at over 11% in late 2022, are reflected in the gradual decline in M4 growth.