Swiss M3 money supply grow faster in April

M3 money supply in Switzerland advanced for the third time in a row in April as the official reserves gained marginally to $522.47 billion at the end of March, a report released by the Swiss National Bank unveiled on Tuesday. The report showed that M3 money supply rose annually by 10.2% from 9.9% recorded in March, while monetary aggregate M2 surged 11.1% in March after climbing by 10.8%.