August M3 growth hits 10-month high; loan expansion steady, BNM to stay on hold
Broad money (M3) growth expanded to 4.1% YoY (Jul: 3.8%), a 10-month high
- Key drivers: Higher fixed deposits (2.5%; Jul: 2.0%), and faster growth in foreign currency deposits (10.5%; Jul: 6.8%) contributed a combined 2.3 ppts (Jul: 1.7 ppts) to overall M3 growth.
- MoM (-0.2%; Jul: 0.5%): Contracted to a three-month low, subtracting RM4.1b.
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