FX.co ★ New Zealand's M3 Money Supply Drops in January 2024

In January 2024, New Zealand experienced a decrease in its M3 Money Supply, with the indicator dropping to 408324 billion NZD. This decline comes after the previous month's reading of 413042 billion NZD in December 2023. The updated data, released on 29 February 2024, reflects a contraction in the country's broad money supply, which includes cash in circulation, demand deposits, and other liquid assets. Economists will be closely monitoring this trend to assess its potential impact on New Zealand's economy and financial stability moving forward.