RTTNews - New Zealand's M3 money supply rose 5.6% year-on-year in May, slower than a 6.9% growth in April, the country's Reserve Bank said Monday.

During the month, the M3 money supply decreased to NZ$212.5 billion from NZ$215.1 billion in the previous month.

Meanwhile, the M2 money supply rose 10.7% annually in May, while the M1 money supply was up 13.8%.

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