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New Zealand Broad Money (M3)
M3 money supply for New Zealand is the broadest monetary aggregate, adding large time deposits, institutional money funds, and short-term repurchase agreements to M2.
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Why Broad Money (M3) matters for NZD
M3 encompasses institutional liquidity and is closely tracked by the ECB as part of its 'two-pillar' monetary analysis. Large swings in M3 can signal major shifts in financial system liquidity and credit conditions.
How to interpret this series
Accelerating M3 growth signals an expansion of credit and liquidity, which can be inflationary if output growth fails to keep pace. Decelerating M3 indicates tightening financial conditions and a reduction in credit availability.
Historical Broad Money (M3)
Source: RBNZ. Cadence: Monthly. Unit: NZD mn. History from 2016-12-31 (9.5 years).
Recent announcements
Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.
Related New Zealand indicators
Move to adjacent releases in the same macro category.
Currency in Circulation
Currency held by the public. M1 sub-component A1.
M2 Money Supply
M1 + savings deposits (on-call). RBNZ derived: column A + B1.
Narrow Money (M1)
Currency in circulation + transaction deposits. RBNZ column A.
Savings Deposits
On-call savings deposits. M2 incremental component B1.
Term Deposits
Fixed-term deposits. M3 incremental component B2.
Total Domestic Credit
Net credit to central government + private sector credit. RBNZ column C+D.
Transaction Deposits
Demand deposits. M1 sub-component A2.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
How often is New Zealand Broad Money (M3) updated?
Broad Money (M3) for New Zealand is released on a monthly schedule by Reserve Bank of New Zealand (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Broad Money (M3) reported in?
The series is published in NZD mn. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source New Zealand Broad Money (M3) data?
Data is fetched directly from Reserve Bank of New Zealand or the official national statistics publication for New Zealand. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Broad Money (M3) for New Zealand via the API?
Issue a GET request to /api/v1/announcements/nzd/m3?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.