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sterling M3


'sterling M3' can also refer to...

 

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A former measure of broad money, including the following components: (1) M0, that is, currency, plus banks' till money, plus banks' balances at the Bank of England; (2) UK private sector sight bank deposits; and (3) UK private sector time deposits plus public sector sterling deposits. This measure is now known simply as M3.

(1) M0, that is, currency, plus banks' till money, plus banks' balances at the Bank of England; (2) UK private sector sight bank deposits; and (3) UK private sector time deposits plus public sector sterling deposits.

Subjects: Economics.


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