RTTNews - New Zealand's M3 money supply rose 6.9% year-on-year in April, faster than a 6.7% increase in March, the country's Reserve Bank said Thursday. A year earlier, in April, the M3 money supply was up 4.5%.
During the month, the M3 money supply increased to NZ$215.1 billion from NZ$213.3 billion in March.
Meanwhile, the M2 money supply rose 11.9% annually in April and the M1 money supply was up 1%.
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