New Zealand's broadly defined,seasonally adjusted M-3 money supply grew an estimated 3.6 pct
in December after rising a revised 2.4 pct in November and 4.04
pct in December last year, the Reserve Bank said in a
statement.
    It said unadjusted M-3 increased to an estimated 30.07
billion N.Z. Dlrs from a revised 28.30 billion in November and
25.53 billion in December 1985.
    Year-on-year M-3 rose 17.77 pct from a revised 15.34 pct in
November and 20.50 pct in December 1985.
    Narrowly defined year-on-year M-1 growth was 15.89 pct
against a revised 27.52 pct in November and 12.3 pct a year
earlier.
    M-1 grew to an estimated 5.03 billion dlrs against a
revised 4.77 billion in November and 4.34 billion in December
1985.
    Year-on-year private sector credit grew 30.68 pct in
December against a revised 22.30 pct in November and 23.2 pct
in December 1985. Private sector credit grew to 22.24 billion
dlrs from a revised 20.92 billion in November and 17.01 billion
in December 1985.
 Reuter
