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Provisional estimates of narrow money
(Notes & Coin) and Reserve Balances
May 2006

5 June 2006

As announced in the article 'Publication of narrow money: the implications of money market reform' in the Autumn 2005 Quarterly Bulletin (http://www.bankofengland.co.uk/publications/quarterly/qb050304.pdf), the Bank of England ceased publication of data on M0 and bankers' operational deposits following the implementation of reforms to the Bank's money market operations. The reforms were launched on 18 May, so this release covers only separate data for notes and coin in circulation and for banks' and building societies' reserve balances from May 2006 onwards.


Provisional figures for May indicate that, seasonally adjusted, notes and coin in circulation were on average 0.2% higher than in April. The twelve-month growth rate was unchanged from April at 5.4%.


Table A: Notes & Coin and Reserve Balances

This is a 9k graphic chart for growth rates of seasonally adjusted notes and coin This is a 11k graphic chart for growth rates of seasonally adjusted notes and coin- long run

Click on the above images to enlarge

Tables

Table A - Notes & Coin and Reserve Balances

PDF Version (60k)
Microsoft Excel Version (20k)

Revisions

Revisions to Table A (54k)

Notes to Editors

Notes and definitions for Notes & coin and reserve balances
Information on growth rates and revisions policy.

Comments and Queries

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Next release date: 3 July 2006

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