Swiss M3 Money Supply Growth Accelerates In July

Switzerland's broad money supply growth accelerated in July, data from the Swiss National Bank showed Tuesday.

The broad money supply or M3 grew 9.8 percent annually in July faster than an 8.5 percent increase in June. M2 also increased at a faster pace of 12.7 percent during the month.

The narrow measure of money supply, M1, rose 15.6 percent year-on-year compared to 13.6 percent increase in June.

by RTTNews Staff Writer

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