The M2 money supply in the United Kingdom increased rapidly between 2000 and 2022, with a particularly sharp increase in 2020 as a result of the quantitative easing in response to the COVID-19 pandemic. The rising tendency continued between 2021 to 2022, and by December 2022, the M2 money supply in the UK exceeded three trillion British pounds. The "intermediate money" is the sum of M1 (currency in circulation and overnight deposits), deposits with maturity of maximum two years and deposits redeemable at notice of maximum three months.
Value of M2 money stock in the United Kingdom (UK) from 2000 to 2022
(in billion GBP)
Characteristic
Money supply in billion GBP
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The source adds the following information: Figures refer to monthly amounts outstanding of monetary financial institutions' sterling and all foreign currency M2 (UK estimate of EMU aggregate) liabilities to private and public sectors.
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Bank of England. (November 20, 2023). Value of M2 money stock in the United Kingdom (UK) from 2000 to 2022 (in billion GBP) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1409338/uk-banking-total-money-supply-m2/
Bank of England. "Value of M2 money stock in the United Kingdom (UK) from 2000 to 2022 (in billion GBP)." Chart. November 20, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1409338/uk-banking-total-money-supply-m2/
Bank of England. (2023). Value of M2 money stock in the United Kingdom (UK) from 2000 to 2022 (in billion GBP). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1409338/uk-banking-total-money-supply-m2/
Bank of England. "Value of M2 Money Stock in The United Kingdom (Uk) from 2000 to 2022 (in Billion Gbp)." Statista, Statista Inc., 20 Nov 2023, https://www.statista.com/statistics/1409338/uk-banking-total-money-supply-m2/
Bank of England, Value of M2 money stock in the United Kingdom (UK) from 2000 to 2022 (in billion GBP) Statista, https://www.statista.com/statistics/1409338/uk-banking-total-money-supply-m2/ (last visited July 22, 2024)
Value of M2 money stock in the United Kingdom (UK) from 2000 to 2022 (in billion GBP) [Graph], Bank of England, November 20, 2023. [Online]. Available: https://www.statista.com/statistics/1409338/uk-banking-total-money-supply-m2/