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Economic Research
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1
June 2017
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Malaysia
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Economic Update
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The
growth of the broad money supply, M3, inched lower in April. This was on
account of a lower demand for funds from government operations and the
private sector. We envisage M3 growth to pick up to 4.5% in 2017 from 3% in
2016 (2015: 2.6%). This is on the back of stronger economic growth.
Meanwhile,
loan growth is expected to grow by a quicker pace of around 5.5-6% in 2017
from 5.3% in 2016, and compared with 7.9% in 2015. This is on account of
stronger business loans due to a pick-up in economic activity. This was
offset partly by slower household loans – as banks maintain stringent rules
on lending – and a softening property market.
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Thursday, June 1, 2017
M3 Lower, Loan Growth Upward Trend Continues
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