European Economic News

Swiss Money Supply Growth Slows Slightly In May

Switzerland's broad money supply growth slowed for the second consecutive month in May, the Swiss National Bank said Thursday.

M3, the broad measure of money supply, grew at a pace of 6.2 percent annually in May, following last month's 6.3 percent increase.

On the other hand, the narrow measure, M1 growth accelerated to 9.9 percent from 9.5 percent a month ago.

by RTTNews Staff Writer

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