S. Africa M3 Money Supply Increases In December

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Friday, the South African Reserve Bank announced that the M3 money supply increased 1.62% year-on-year in December, faster than the 0.58% growth in the previous month. Economists expected an increase of 1.1%.

The M2 money supply rose 1.69% in December, after falling 1.04% in November. At the same time, the M1 money supply climbed to 6.88% from 2.52%.

Meanwhile, claims on the domestic private sector or PSCE dropped 0.76% annually in December, compared to the 1.59% fall in the previous month. Economists were looking for a decline of 0.5%.

Friday, the South African Reserve Bank announced that the M3 money supply increased 1.62% year-on-year in December, faster than the 0.58% growth in the previous month. Economists expected an increase of 1.1%. (Market News Provided by RTTNews)