HC Deb 13 December 1984 vol 69 c574W
25. Mr. Michael Forsyth

asked the Chancellor of the Exchequer whether the money supply is growing within the Government's target ranges.

Mr. Peter Rees

A large build-up in bank deposits associated with the BT issue has distorted the broad money figures for banking November, although MO was not affected. Over the target period to banking October, both aggregates were within their target ranges, and MO is still well on track.

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