RHB | Malaysia | September’s Broad Monetary Aggregate Gained Momentum While Loan Growth Eased

Economic Research	02 November 2015
Malaysia
Economic Highlights
September’s Broad Monetary Aggregate Gained Momentum While Loan Growth Eased Growth of the broader money supply, M3, strengthened to 5.3% y-o-y in September, from +4.6% in August and compared with +3.8% in July. This was on account of a rebound in the demand for funds by the public sector and net foreign assets but partly offset by a decline in private demand for loans. Moving forward, we expect M3 growth to sustain at 4.0%-5.0% in 2016, matching the estimated pace this year, on the back of a sustained growth in economic activities.  Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
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