European Economic News

Swiss M3 Money Supply Growth Improves

Switzerland's money supply growth increased for the third consecutive month in April, the Swiss National Bank reported Tuesday.

The annual increase in M3 money supply rose to 10.2 percent from 9.9 percent in March. Similarly, monetary aggregate M2 grew at a faster pace of 11.1 percent, after rising 10.8 percent in the prior month.

Official reserves increased marginally to $522.47 billion at the end of March, it said.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More European Economic News