Swiss Money Supply Growth Accelerates In July

Swiss money supply grew at the fastest pace since early 2015, the Swiss National Bank reported Monday.

Money supply grew 2.7 percent in July from prior year, following a revised 2.3 percent rise in June. This was the fastest growth since January 2015, when M3 climbed 2.8 percent.

Similarly, the narrow measure M1 moved up 2.3 percent annually, faster than the 1.4 percent increase in June.

by RTTNews Staff Writer

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