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FINANCIAL NEWS
Saudi M3 money supply grows 13.6 percent in March
29 Apr 2014
(MENAFN) Saudi Arabia has posted a 13.6 percent growth in M3 money supply year-on-year in March compared to 13.2 percent in February, according to Arab News.
Bank lending to the private sector also boosted to 12.8 percent in March from 12.2 percent in February.
Saudi Arabian Monetary Agency’s net foreign assets reached a record high in March to reach USD725 billion, or 9.2 percent higher than the same month in 2013.
Saudi CPI inflation registered a drop in March, reaching 2.6 percent year-on-year compared 2.8 percent in February.
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