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Sweden's Money Supply Growth Rises In January

Sweden's broad monetary aggregate M3 grew at a pace of 8.8 percent in January, faster than the 6.4 percent expansion in December, Statistics Sweden said Monday. In total, the M3 came in at SEK 2,440 billion in January.

Likewise, the annual growth in the narrow monetary aggregate M1 rose to 3.2 percent from 0.9 percent.

Further, data showed that households' loans from monetary finance institutions had an annual growth of 5.1 percent in January compared to 5.2 percent rise in December. The growth rate in January 2011 was 7.7 percent and has shown a decreasing trend during all of 2011.

by RTT Staff Writer

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