New Zealand Money Supply M3 - Forecast

Money Supply M3 in New Zealand is expected to be 291194.85 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M3 in New Zealand to stand at 291215.46 in 12 months time. In the long-term, the New Zealand Money Supply M3 is projected to trend around 291268.93 NZD Million in 2020, according to our econometric models.


New Zealand Money Supply M3
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New Zealand Money Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 1.75 1.75 1.75 2.25 1.75 3
Interbank Rate 2.3 2.06 2.21 2.24 2.21 2.2
Money Supply M0 6497 5861 6145 6185 6029 6086
Money Supply M1 64787 67251 68794 70375 71953 88581
Money Supply M3 292030 291195 291129 291165 291215 291269
Foreign Exchange Reserves 30137 29188 29202 29205 29204 29204
Banks Balance Sheet 528128 518540 519269 519270 519018 518569
Deposit Interest Rate 3.2 3.55 3.4 3.24 3.24 3.58
Loans To Private Sector 108255 106508 106257 106121 106047 105961
Central Bank Balance Sheet 29121 27937 27860 28025 28065 28037