Malaysia's Money Supply Growth Rises In November

(RTTNews) - Money supply growth in Malaysia accelerated in November from a year ago, data from the Bank Negara Malaysia showed Wednesday.

M3, the broadest measure of money supply climbed 7.1 percent year-on-year in November, faster than the 5.4 percent growth in the previous month.

Net financing to the private sector rose 8.7 percent annually in November, after a 8.6 percent increase in October. The increase was driven by higher growth in outstanding banking system loans.

The annual growth in outstanding household loans continued to moderate to 10.2 percent in November.