The broader money supply, M3, grew at a faster pace of 8.2% yoy in February, compared with +7.9% in January. This was attributed to a faster increase in the government operations, in tandem with a pick-up in the disbursement of funds. A pick-up in demand for funds by the private sector, on the back of higher loan growth,
also helped. These were, however, offset partially by a slowdown in external perations.
Economic Highlights : Broad Monetary Aggregate And Loan Growth Picked Up In February-01/04/2010
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