Markets
Tariff and technology tantrums
Lee Cheng Hooi | 06 Apr 2018 00:30
The February money supply (M3) growth picked up pace to +4.9% from January’s +4.6% on swifter credit growth and higher external reserves which offset sluggish deposit growth.

Despite outflows of portfolio capital from net foreign equity and bond selling, money supply increased. Bank Negara Malaysia revised its official 2018 real GDP growth forecast upwards to 5.5-6% from the 5-5.5% growth forecast made in October.

On the local equity market, the key benchmark FBM KLCI index remained much weaker after volatile global markets caused its downside movements. 

The key market barometer traded within a much wider 54.79-point weekly range due to the wild downward global gyrations.