New Zealand September M3 Money Supply Growth Slows

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New Zealand's M3 money supply grew 2.7% on a yearly basis in September, slower than the 3.6% growth in the previous month, the Reserve Bank of New Zealand said Thursday. This marks the slowest yearly rate of M3 money supply growth recorded in almost five years.

In September, M2 money supply was up 0.7%, slower than the 3.7% rise in the preceding month. At the same time, M1 money supply grew 1.3%, rebounding from the 0.2% decline in August.

New Zealand's M3 money supply grew 2.7% on a yearly basis in September, slower than the 3.6% growth in the previous month, the Reserve Bank of New Zealand said Thursday. This marks the slowest yearly rate of M3 money supply growth recorded in almost five years. (Market News Provided by RTTNews)