JEDDAH: Saudi Arabia’s M3 money supply growth accelerated to a seven-month high of 11.4 percent year-on-year at the end of September from 9.7 percent in the previous month, central bank data showed.
Bank lending to the private sector jumped 14.8 percent in September, the fastest rate since March 2009, after a 14.0 percent rise in the previous month.
The central bank’s net foreign assets reached a record high of SR 2.296 trillion($ 612.3 billion) in September, the data cited by Reuters showed.
Saudi money supply growth accelerates
