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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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