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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.
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