FT: Money supply bolsters case for ECB rate rise “Money supply and excess liquidity are still there in spades and the acceleration in private sector credit reinforces the idea that the monetary policy stance is still stimulative,” said Neville Hill, economist at CSFB in London. “It will certainly be used to justify the rate hike that we are all expecting later this week and this strength is consistent with a few more rate rises in the year ahead.”
