Broad Money Growth Slows In September As Expected, Forecast Kept Unchanged
Broad money (M3) supply growth moderated to an 11-month low in September (4.2% YoY; Aug: 4.7%). Kenanga Investment Bank said the slowdown reflects: A sharp dip in foreign currency deposits, which hit a seven-month low and reduced its contribution to overall growth to 0.3 ppts. This it said was further dragged by slower growth in […]