Kuala Lumpur, Malaysia – In a recent update from Malaysia's central banking authorities, the growth of the country's money supply has decelerated. As of August 2024, the money supply growth rate stands at 4.7%, down from the 5.3% recorded in July 2024. This latest data was officially updated on September 30, 2024.
The reduction in the money supply growth rate, measured year-over-year, marks a continued trend of slowing economic liquidity within the nation. The previous month's figure of 5.3% represented the annual growth comparison for July, while the current figure reflects the annual growth comparison for August.
Economists are closely watching these developments, as shifts in the money supply can have significant implications for inflation, interest rates, and overall economic stability. The deceleration in money supply growth may indicate tightening monetary conditions or other underlying economic factors at play. Further analysis and response from Malaysia's financial institutions are anticipated as the nation navigates these changes.