Switzerland M3 Money Supply Growth Slows In January

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The Swiss National Bank said on Monday that the M3 money supply growth rate - the broadest measure of money supply in the country - stood at 5.6% year-on-year in January. This compares to a 6.6% rate in December.

At the same time, the M2 money supply rate slowed to 15.9% from 21.2% while the M1 money supply rate slowed to 15.2% from 20.9%.

The Swiss National Bank said on Monday that the M3 money supply growth rate - the broadest measure of money supply in the country - stood at 5.6% year-on-year in January. This compares to a 6.6% rate in December. (Market News Provided by RTTNews)