Swiss M3 Money Supply Growth Quickens In July

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Switzerland's M3 money supply rose 7.7% year-on-year in July, the Swiss National Bank said Friday. It follows an increase of 5.9% in June, which was revised from the 5.7% growth initially reported.

M2 money supply grew 41.3% in July, quicker than the 37.1% rise in June, while M1 money supply was up 49.1% after 43.7% growth in the previous month.

Switzerland's M3 money supply rose 7.7% year-on-year in July, the Swiss National Bank said Friday. It follows an increase of 5.9% in June, which was revised from the 5.7% growth initially reported. (Market News Provided by RTTNews)