Subject: RHB | Malaysia | M3 Picks Up, Loan Growth Edges Lower
Economic Research | 5 September 2017 | |||
Malaysia | ||||
Economic Update | ||||
M3 Picks Up, Loan Growth Edges Lower The growth in broad money supply, or M3, picked up to 4.9% YoY in July as demand for funds for external operations (export-related) rebounded. We envisage M3 growth to pick up to 4.5% in 2017 from 2016’s 3% (2015: 2.6%) in line with a stronger economic growth. Loans growth would likely pick up to 5.7% in 2017 (2016: 5.3%) on higher business loans due to an uptick in economic activity. Economist: Vincent Loo Yeong Hong | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 24 Aug : Cheaper Fuel Prices Drag Inflation Lower 21 Aug : Current Account Surplus Widens On Slower Import Growth 21 Aug : Economic Growth Maintains a Robust Pace in 1H17 11 Aug : Industrial Activities Remains Robust in 1H17 08 Aug : Forex Reserves Near The USD100bn Level | ||||
Economics Team | ||||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam, | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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