Thursday, March 1, 2018

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

 

 

 

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