FW: RHB | Malaysia | M3 Growth Remains In Low Gear

 

 

 

Economic Research			1 March 2018
Malaysia
Economic Update
M3 Growth Remains In Low Gear   The growth in broad money supply, or M3, inched further down to 4.6% YoY in Jan 2018, following a dip in Dec 2017 as demand for funds from government operations ground to a halt. We envisage M3 growth to pick up to 5% in 2018, from +4.7% in 2017 – in line with sustained economic growth. Similarly, loans growth would likely gain pace to register a healthy growth of 5.2% in 2018, from +4.1% in 2017 (2016: 5.3%), on higher business loans due to robust economic activity.   Economists: Vincent Loo Yeong Hong  | +603 9280 2172 Aris Nazman Maslan  | +603 9280 2184
To access our recent reports please click on the links below:   28 Feb: Inflation Normalises In Early 2018 21 Feb : Exports Growth To Remain Healthy After Surging In 2017 15 Feb : Current Account Surplus To Narrow In 2018 14 Feb : 2017 GDP Growth Strongest In Three Years 12 Feb : 4Q17 Economic Activity Remains Healthy Despite Slowdown 08 Feb: Exports Ease in December but Cap a Robust Year
Economics Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam,	vincent.loo@rhgroup.com		+603 9280 2172
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184