Czech Money Supply Growth Accelerates For Third Month

Czech money supply growth quickened for the third straight month in November, figures from the Czech National Bank showed Thursday.

M2, a broad measure of money supply, climbed 8.6 percent year-over-year in November, following a 8.2 percent hike in the previous month. In September, money supply had risen 7.7 percent.

At the same time, the annual growth in the narrow measure, M1, moderated 8.1 percent in November from 8.3 in October.

The material has been provided by InstaForex Company –