Switzerland’s broad money supply continued to edge higher at the start of 2026, signaling a further expansion in system-wide liquidity. M3 money supply rose to 1,212,594.0 billion francs in January 2026, up from 1,209,835.0 billion francs recorded in December 2025.
The fresh data, updated on 23 February 2026, suggest a steady, incremental increase rather than a sharp acceleration in monetary conditions. While no additional breakdown was provided, the ongoing rise in M3 typically reflects growing deposits and other liquid assets in the financial system, factors that can influence credit dynamics and broader economic activity in the months ahead.
