Kuwait's money supply grew at the second fastest rate of the year in August, with M3, the broadest money supply measure, rising 18.9% to $63.6bn when compared to the same month last year, reported Reuters citing figures on the central bank's website. M3 grew at its fastest rate since 1994 in July when it increased by 22.5%. Analysts believe the double digit money supply growth indicates strong inflationary pressure. [AMEInfo.com]



Related Articles

Bahraini money supply grows

Kuwaiti dinar unchanged

Kuwait mulls Islamic stock market

Kuwaiti assets to hit $140bn

Investors target Housing Finance

Posted: 09|17|07 at 4:14 am. Filed under: News.