The money supply, M3, eased to 8.1% yoy in April, from +8.7% in March. This was due to a more moderate increase in the government operations, in tandem with slower growth in the disbursement of funds. A decline in external operations further worsened the situation. These were, however, mitigated by a pick-up in demand for funds by the private sector on the back of an increase in the issuance of securities.
Economic Highlights - Broad Monetary Aggregate Moderated, But Loan Growth Bounced Back In April - 1/6/2010
No comments:
Post a Comment