September M3 and deposits hit 14-month highs; loan growth edged higher
Broad money (M3) growth expanded for the fourth straight month in September to 4.4% YoY (Aug: 4.1%), a 14-month high
- Key drivers: Stronger foreign currency deposits (17.2%; Aug: 10.5%), demand deposits (8.7%; Aug: 7.3%) and savings deposits (3.7%; Aug: 2.2%) contributed a combined of 4.0 ppts (Aug: 2.9 ppts) to overall M3 growth.
- MoM (0.4%; Aug: -0.2%): Rebounded, after a brief contraction in August, adding RM10.7b to the system.
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