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.

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