FW: RHB | Malaysia | M3 Eases Lower From a Two-Year High

 

 

 

Economic Research			1 November 2017
Malaysia
Economic Update
M3 Eases Lower From a Two-Year High   The growth in broad money supply, or M3, slowed to 5% YoY in September as demand for funds from the private sector and government operations eased. We envisage M3 growth to pick up to 5% in 2018, from +4.8% estimated for 2017, in line with strong economic growth. Loans growth would likely register a healthy 5.5-6% in 2018, from +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:   27 Oct : MOF Economic Report 2017/2018 - Growth To Be Sustained As Fiscal Deficit Narrows 24 Oct : Services Sector Drags Approved Investments 20 Oct : Inflation Picks Up Further on Higher Fuel Prices 20 Oct : Business Confidence Slips On Weaker Orders 12 Oct : Industrial Production Jumps To a Two-Year High
Economics Team
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
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
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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