New Zealand M3 Money Supply Growth Climbs In July

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Friday, a report by the Reserve Bank of New Zealand said the M3 money supply grew 3.8% year-on-year in July, faster than a 2.7% growth in the preceding month.

At the same time, the M2 money supply rose 2.1%, slower than a 4.4% rise in June. Meanwhile, the M1 money supply fell 2.5% in July compared to a 2.6% drop in the previous month.

(Market News Provided by RTTNews)