The slowing deposit growth in the country to an almost three-year low is reflective of the environment of rising costs that has been building up.
This scenario may suggest that higher inflation, which has been sparked by higher energy costs, among others, may be starting to put a dent in the overall savings rate of consumers and businesses alike, the two biggest constituents to deposits in the country.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!