FX.co ★ Saudi Arabia’s M3 Growth Eases Slightly in February, Signaling Stable Liquidity Conditions

Saudi Arabia’s broad money supply (M3) growth edged down in February 2026, suggesting a marginal cooling in liquidity expansion while remaining firmly in positive territory. According to the latest data updated on 01 April 2026, M3 increased 8.40% year-over-year in February, compared with an 8.50% year-over-year rise recorded in January 2026.

The figures are based on year-over-year comparisons, with the current reading reflecting the change in February 2026 relative to February a year earlier, and the previous reading comparing January 2026 to the same month a year before. The slight moderation in the pace of money supply growth points to broadly stable monetary conditions, with only a minor shift in the trajectory of liquidity in the Saudi financial system.