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Money Supply

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New Zealand’s Money supply and our Domestic Credit (Lending) See Money Supply Data Table and Data Sources also Creation of Money and Credit

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Percentage of: Currency in circulation; and Money Supply-M1 as percentages of the Money Supply-M3

See Money Supply Data Table and Data Sources

Money Supply M3, Domestic Debt, Difference between Money Supply and Domestic Debt and the Percentage of Domestic Debt to Money Supply.

See Money Supply Data Table and Data Sources

Definitions:

Currency in circulation

Notes and coin on issue from the Reserve Bank.

M1

Includes notes and coin held by the public plus chequeable deposits, minus  inter-institutional chequeable deposits, and minus central government  deposits.

M3

M3 is the broadest monetary aggregate. It represents all New Zealand dollar  funding of M3 institutions and any Reserve Bank repos with non-M3 institutions.  M3 consists of notes & coin held by the public plus NZ dollar funding minus  inter-M3 institutional claims and minus central government deposits.

Domestic Credit

Domestic credit is the broadest lending aggregate, consisting of claims  (lending) of M3 institutions on central government, and of M3 institutions and  the Reserve Bank on the private sector.