Swiss money supply growth accelerates in JulyStaff Writer | August 23, 2016
Swiss money supply grew at the fastest pace since early 2015, the Swiss National Bank reported.
European economy The fastest growth since January 2015
Money supply grew 2.7 percent in July from prior year, following a revised 2.3 percent rise in June. This was the fastest growth since January 2015, when M3 climbed 2.8 percent.
Similarly, the narrow measure M1 moved up 2.3 percent annually, faster than the 1.4 percent increase in June. ■