RHB | Singapore | Divergence Between Broad Money And Loan Growth To Correct In 2H

Economic Research	01 July 2015
Singapore
Economic Highlights
Divergence Between Broad Money And Loan Growth To Correct In 2H Singapore’s broad money (M3) rose 5.0% y-o-y in May, improving from +4.6% in April and +4.0% in March. This was boosted by faster increases in demand for credit by the public sector and net foreign positions but offset partially by a slowdown in private sector credit demand. Economist:  Ng Kee Chou | +603 92802179
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