New Zealand’s broad money supply (M3) expanded in February 2026, underscoring ongoing growth in system-wide liquidity. According to the latest data updated on 31 March 2026, M3 increased to 445,894.0B in February from 441.7B in January 2026.
The month‑on‑month rise in M3 indicates that the total stock of money circulating through New Zealand’s economy—including currency in circulation and various forms of bank deposits—continued to climb at the start of the year. While no additional breakdown was provided, the February increase suggests that financial conditions remained accommodative, with more funds available across households, businesses, and financial institutions. Policymakers and market participants are likely to watch subsequent releases closely for signs of whether this growth in money supply stabilises or accelerates in the coming months.