Meanwhile, the US House of Representatives rejected proposals to give the International Monetary Fund (IMF) an extra $18bn. The Senate had approved the funds. A joint House-Senate committee will try to reach a compromise.Reuse content
UK MONEY supply grew by less than expected last month, although experts said the underlying trend was still strong. M4, a broad measure of money supply, was static in August. The City had predicted a 0.5 per cent month-on-month increase. The aggregate data were distorted by currency outflows, and M4 lending to the private sector came in at pounds 6.6bn, far higher than market expectations.