admin wrote:Good to know data
admin wrote:
Good to know data is still available. This series is the one that stopped in 2006, there is a slight difference in that the old series includes ‘banks operational deposits’. What theoretical problems this posses I’m not yet quite sure.
Actually the weekly returns do include these as “reserve balances”, ie interest-bearing deposits by commercial banks and building societies with the Bank of England. So, M0 could be reconstituted if it was wanted, but breaking it into its two components is more useful as “reserve balances” are not part of the currency that is actually in circulation, which is the more relevant statistic.