The Bank of England said the broadmeasure of U.K. Money supply, Sterling M3, rose a seasonally
adjusted 1.1 pct in January after a 0.2 pct rise in December.
    The unadjusted year-on-year rise was 17.6 pct after 18.1
pct in the year to December.
    The narrow measure of money supply, M0, fell by a
seasonally adjusted 0.6 pct in January, and rose by a
non-adjusted 4.1 pct year-on-year, the Bank said.
    The figures confirm provisional data issued by the Bank two
weks ago.
    In December, M0 grew by a seasonally adjusted 1.4 pct and
by a non-seasonally adjusted 5.2 pct year-on-year.
    The Bank said sterling bank lending grew by a
non-seasonally adjusted 1.75 billion stg in January. This also
confirmed provisional figures issued in February.
    The measure of private sector liquidity, PSL2, fell 0.2 pct
in January, but after seasonal adjustment rose 0.6 pct, the
Bank said.
    The Bank said the public sector contribution to the growth
in Sterling M3 was contractionary by about 2.3 billion stg.
    Within this, the Public Sector Borrowing Requirement (PSBR)
showed a repayment of 3.7 billion stg, while the non-bank
private sector's holdings of government debt fell by about 1.1
billion stg.
    There was a fall of 290 mln stg in notes and coin in
January, a fall of 1.5 billion stg in non-interest bearing
sight deposits, and a rise of 1.6 billion stg in interest
bearing sight deposits, the Bank said.
 REUTER
