Real deflation this time.
BOE: Jan Mortgage Approvals Edge Up In January, M4 Slumps | iMarketNews.com
Forget about this consumer prices nonsense - the monetary base is falling for the first time in decades.
BOE: Jan Mortgage Approvals Edge Up In January, M4 Slumps | iMarketNews.com
The BOE also issued M4 broad money data, which showed that on an 12-month annualised rate, money growth fell to its lowest level since the series began. M4 rose 0.8% at a monthly rate and fell 1.7% at an annualised rate in January. M4 lending rose 0.2% on the month to stand down 3.7% on the year.
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