Money supply grew 11.6% annually in March

The M2 aggregate, Slovakia's main money supply indicator, rose by an annual rate of 9.2% in March, lower than the 11.6% recorded in February and January's 10.5%, the National Bank of Slovakia (NBS) said in its monthly bulletin. The NBS's full-year target for M2 expansion is 9.4 percent year-on-year in 1998. The M2 measures currency, demand and time deposits, savings deposits and foreign currency deposits.