Kuwait M2 steady in October Bank lending growth at 7-month low

KUWAIT CITY, Nov 26, (RTRS): Kuwait’s M2 money supply grew 5.0 percent year-on-year at the end of October, little changed from a 5.1 percent increase in the previous month, the Gulf country’s central bank data showed on Monday. Bank lending to the OPEC member’s private sector grew 3.8 percent year-on-year in October, which was the slowest pace in seven months and below a 4.8 percent rise in September, the data also showed.

Kuwait Money     End-    End-    End-
Supply    Oct 12    Sept 12    Oct 11   
M1 change yr/yr (pct)    10.2    11.2    15.3
M2 change yr/yr     5.0    5.1    8.6
M2-M1 pct change yr/yr 3.5    3.4    6.8
Bank private sector claims yr/yr    3.8    4.8    2.3

Kuwait C.Bank Foreign Assets
bln dinars    7.4    7.1    6.3
change yr/yr (pct)    17.2    12.9    16.7
Note. Percentage changes are Reuters calculations based on official data.


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