RHB | Malaysia | Monetary Aggregate Lifted By External Operations But Loan Growth Eased Further in February

Economic Research	1 April 2016
Malaysia
Economic Highlights
Monetary Aggregate Lifted By External Operations But Loan Growth Eased Further in February Growth of the broader money supply, M3, picked up to 2.7% y-o-y in February, from +2.2% in January due to an acceleration in the growth of external operations. Moving forward, we expect M3 growth to sustain at 4.0%-5.0% in 2016, above +2.7% registered last year, as capital outflows subside. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 25 Mar: February Inflation Rate Accelerated To Seven-Year High 23 Mar: Bank Negara Malaysia 2015 Annual Report – Slower Economic Growth Expected For 2016 Amidst Rising Unemployment 14 Mar: January’s Industrial Output Picks Up Despite Slower Manufacturing Activities 10 Mar: Bank Negara Holds OPR, No Change To SRR 08 Mar: Foreign Exchange Reserves Rose Marginally In February