◆ The broader money supply, M3, slowed down to 8.1% yoy in July, from +8.8% in June and +9.3% in May. This was the second consecutive month of easing, suggesting that the underlying economic activities are moderating. The slowdown was due to weaker demand for funds by the private sector, on the back of slower increases in loans and
the issuance of securities. This was, however, mitigated by a pick-up in government operations and external operations during the month.
Economic Highlights - Broad Monetary Aggregate And Loan Growth Moderated In July - 30/08/2010
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