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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Money Supply fell to 441.7B in February 2026
FMPMonthlyReleased February 2026
New Zealand Money Supply fell to 441.7B in February 2026, down 6.2B from January's 447.9B reading.
Latest Release
441.700000
Actual
—
Consensus
447.900000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.69 | CRYPTO | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.45 | COMMODITIES | Moves against | → View |
| AUD/NZD | ▼ Inverse | −0.36 | FOREX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.29 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Money Supply (New Zealand) was reported at 441.70 billion in February 2026. The reading fell from the previous value of 447.90 billion. Trailing 12-month context per ETL data through February 2026. Over the past 12 months, the indicator has averaged 442.05 billion, ranging from 436.60 billion to 447.90 billion across 6 releases.
WHY IT MATTERS
The trailing three releases averaged 444.40 billion, up from the prior three at 439.70 billion. Volatility over the past year (σ 3.41 billion) is lower than the prior year (σ 3.94 billion).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Sep 15) and Current Account (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
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Money Supply - NZ
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About Money Supply — New Zealand
DEFINITION
Money Supply is a key financial indicator that measures the total amount of money in circulation within an economy. It includes all physical currency, such as coins and banknotes, as well as digital forms of money, such as bank deposits and electronic transfers. This indicator is closely monitored by economists and policymakers as it can have a significant impact on inflation, interest rates, and overall economic growth. Changes in the money supply can provide valuable insights into the current state and future direction of an economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 441.7 B. Prior reading (Dec 2025): 447.9 B. Before that (Nov 2025): 443.6 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.69) — a useful reference for crypto-focused traders.
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EXPECTED ZONE
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Economic Calendar - NZ Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:45 | NZ | Electronic Retail Card Spending YoY | 0.2 | 3.4 | 3 | 1.60 | Low |
| 22:45 | NZ | Electronic Retail Card Spending MoM | -0.9 | 1.2 | -0.7 | -0.80 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 02:35 | NZ | 3-Month Bill Auction | 2.902 | 2.878 | 2.809 | 2.86 | Low |
| 21:00 | NZ | Westpac Consumer Confidence | 80.4 | 82.3 | 76.05 | Low | |
| 22:45 | NZ | Current Account | -1.01 | -2.57 | -2.56 | Medium | |
| 22:45 | NZ | Current Account | -1.01 | -7.5 | -7.49 | Medium | |