Pagegate

Tweet  

Hover the mouse over the graphs to see more information

Money Supply And Domestic Credit    Percentage of Currency and M1 money to M3 money    Domestic Credit to M3 money

Definitions     Creation of Money and Credit

New Zealand’s Money supply and our Domestic Credit (Lending)

Data Sources

Top of Page

Hover the mouse over the graphs to see more information

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

Data Sources

Top of Page

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

Data Sources

Hover the mouse over the graphs to see more information

Top of Page

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.

M2

Consists of M1 plus all non-M1 call funding (call funding includes overnight money and funding on terms that can of right be broken without break penalties) minus inter-institutional non-M1 call funding.

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.

Top of Page