Swiss money supply edges up

Growth in Switzerland’s M1 monetary supply slowed to 8.1 per cent annualised in April, down from 8.4 per cent the previous month, figures showed yesterday. The M3 money supply, meanwhile, accelerated slightly, from 6.8 per cent growth in March to 6.9 per cent in April. The annual growth in the M2 indicator slowed to 7.5 per cent from 7.8 per cent.