Market Commentary and Intraday News

New Zealand M3 Money Supply Up 7.2%

235 days ago

(RTTNews) - New Zealand's M3 money supply increased at a slightly faster pace in August, data released by the Reserve Bank of New Zealand showed Friday.

The broad money aggregate rose 7.2 percent year-on-year in August, faster than 7.1 percent gain in the previous month.

Intermediate money supply or M2 was up 5.6 percent on an annal basis, slower than 7.3 percent increase in July. M1 or narrow money rose 3.5 percent.

Notes and coins held by the public increased at a pace of 6 percent compared to a year earlier, data showed.

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