Sama: M3 money supply slowing

01 April 2010

Data by the Saudi Arabian Monetary Agency (Sama) has shown annual growth in the kingdom's M3 money supply, an indicator of future inflation, had slowed to 5.6% in February from 8.3% in January, Reuters has reported. Bank claims on the private sector rose to SR742.1bn in February, from SR735.6bn in January, and SR730.7bn in February, 2009, the data showed.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.