New Zealand Jan Money Supply Rises At Slower Rate

New Zealand's money supply growth slowed in January, figures from the Reserve Bank of New Zealand showed Friday. M3 money supply rose 6.2 percent year-on-year to NZ$283.745 billion in January. This follows a 6.3 percent rise in December. In the same month of the previous year, money supply had risen 6.5 percent. On a monthly basis, money supply growth eased to 0.2 percent in January from 1 percent in December.

News are provided by InstaForex