36551131
Description
Mind Map by Katerina Kritikos, updated more than 1 year ago
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Created by Katerina Kritikos
over 2 years ago
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M0
- Narrow money
- Includes notes and coins in circulation plus banks'
operational deposits lodged with the BoE.
- Is an indication of consumer spending
and retail sales.
- Growth in M0 indicates that consumer spending is buoyant.
- Contraction in M0 indicates that consumers are behaving
more cautiously.
- M0 reflects changing in economic cycle but does not cause them as
it has little effect on total national output or inflation.
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