Kuwait May money supply growth slows from 15 month high

Kuwait's M3 money supply growth decelerated to 6.5 per cent year-on-year at the end of May, from a 15-month high of 6.9 per cent in the previous month, the Gulf country's central bank data showed on Wednesday.

Bank credit growth slowed to 0.7 per cent year-on-year in May, booking the weakest rise in the last six months, the data showed.