Asian Economic News

New Zealand Money Supply Growth Eases For Second Month

New Zealand's money supply growth eased for the second straight month in September, figures from the Reserve Bank of New Zealand showed Monday.

The Broad money supply, or M3, climbed 4.8 percent year-over-year in September, slower than August's 5.3 percent rise.

In the corresponding month last year, money supply had grown 8.5 percent.

The intermediate money supply, or M2, also increased at a weaker pace of 2.7 percent annually in September, following a 6.0 percent increase in the preceding month.

by RTTNews Staff Writer

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