RHB | Singapore | Money Supply Remained Weak, But Loan Growth Picked Up, Pointing To Higher Economic Activities

Economic Research	01 October 2014
Singapore
Economic Highlights
Money Supply Remained Weak, But Loan Growth Picked Up, Pointing To Higher Economic Activities Singapore’s Money Supply (M2) growth eased to 1.6% y-o-y in August, from +1.8% in July but higher than +0.7% in June. The slower M2 growth was reflected in a slowdown in foreign and domestic operations. On the contrary, demand for private credit grew at a faster pace, pointing to increased economic activities. Economist:  Singapore Research  | +65 6533 0781