Singapore M3 growth not yet at acceptable level

[phantom_opera]

S$ MILLION
END OF PERIOD M3
2012
Jan 455,065.3
...

2013
Jan P 495,021.7

M3 up 8.8% year on year with GDP growth of 1.2 %

[phantom_opera]

what a "boom" in past 10y

1993
Jan 101,185
2003
Jan 190,001.1
2013
Jan 495,021.7

[phantom_opera]

DBU + ACU

S$ MILLION
END OF PERIOD M3
2012
Jan 591,660.1
...
2013
Jan P 649,542.7

up 9.8% year on year