Swiss M3 Growth Weakens In September

My FX Forum

Staff member
Switzerland's money supply growth weakened in September, the Swiss National Bank reported Monday.

The broad monetary aggregate, M3 climbed 2.3 percent year-on-year after rising 2.5 percent a month ago.

Likewise, the narrow measure, M1, growth slowed to 4.8 percent from 5 percent in the previous month. At the same time, annual growth in M2 held steady at 2.6 percent. On the other hand, currency in circulation grew at a much faster rate of 6.2 percent after climbing 1.3 percent in August.