Bank and Currency Notes in Circulation, Bank of England for Great Britain
M14082GBM440NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
393.00
Year-over-Year Change
2.88%
Date Range
1/1/1919 - 12/1/1934
Summary
This economic trend measures the total value of bank and currency notes in circulation issued by the Bank of England, providing insight into money supply and economic activity in Great Britain.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Bank and Currency Notes in Circulation metric represents the total outstanding value of physical banknotes and coins issued by the Bank of England. It is a key indicator of the money supply and liquidity in the British economy, reflecting the public's demand for transactional currency.
Methodology
The data is collected and reported directly by the Bank of England.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess monetary conditions and economic performance.
Key Facts
- Bank notes and coins in circulation have grown from £71 billion in 2000 to £90 billion in 2021.
- The value of banknotes and coins in circulation equals about 4% of the UK's annual GDP.
- The £20 and £50 notes are the most commonly used denominations, accounting for over 80% of total circulation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical bank notes and coins issued by the Bank of England and currently in circulation within the British economy.
Q: Why is this trend relevant for users or analysts?
A: The Bank and Currency Notes in Circulation metric provides insight into the money supply and liquidity conditions, which are key indicators of economic activity and important for monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the Bank of England, the central banking authority responsible for issuing banknotes and coins in Great Britain.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor currency in circulation as it reflects the public's demand for cash, which informs decisions around monetary policy and the management of the money supply.
Q: Are there update delays or limitations?
A: The Bank of England publishes this data on a monthly basis with minimal delays, providing timely insights into the trends in physical money supply in the British economy.
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Citation
U.S. Federal Reserve, Bank and Currency Notes in Circulation, Bank of England for Great Britain (M14082GBM440NNBR), retrieved from FRED.