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Swiss M3 Growth Weakens In September

Switzerland's money supply growth weakened in September, the Swiss National Bank reported Monday.

The broad monetary aggregate, M3 climbed 2.3 percent year-on-year after rising 2.5 percent a month ago.

Likewise, the narrow measure, M1, growth slowed to 4.8 percent from 5 percent in the previous month. At the same time, annual growth in M2 held steady at 2.6 percent.

On the other hand, currency in circulation grew at a much faster rate of 6.2 percent after climbing 1.3 percent in August.

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