European Economic News

Swiss M3 Money Supply Growth Accelerates For Second Month

Switzerland's money supply growth accelerated for the second month in March, the Swiss National Bank said Monday.

M3 money supply expanded at a faster pace of 9.9 percent year-on-year, following a 9.8 percent rise in February. Likewise, monetary aggregate M2 growth rose to 10.7 percent from 10.4 percent in the prior month.

Official foreign reserves in March totaled $522.19 billion, SNB said.

by RTTNews Staff Writer

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