Kuwait's M3, the broadest measure of money supply, grew 0.7% m/m in November 2013 , cooling from a 1.5% m/m expansion the previous month, the central bank said in a monthly statistical bulletin on its website. M3 growth to KWD 32.4bn ( USD 114.5bn ) in November was driven by a 2.0% m/m increase in sight deposits to KWD 7.1bbn pushing M1 up by 1.6% m/m to KWD 8.5bn . A 0.3% m/m rise in quasi-money to KWD 23.7bn also pushed M2 up by 0.7% m/m to KWD 32.2bn . Kuwait's M3 grew 11.2% y/y in November 2013 compared to the same month the previous year driven by sight deposits jumping 20.7% y/y and quasi-money growing 8.7% y/y.
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