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2010.07.2900:30:00UTC+00N.Z. M3 Money Supply Falls In June

Money supply in New Zealand declined at a faster pace in June compared to May, official figures showed on Thursday.

M3 money supply, which is the broadest measure of money supply in the country, slid 3.3% year-on-year. This follows a 3.1% decrease in the previous month.

At the same time, M2 money supply dropped 4%, accelerating from the 2.7% decrease in the prior month. M1 money supply was down 1.4%.

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