Money supply up, lending down

Jul 06, 2019 12:13 am

GROWTH in the country’s money supply eased anew in May amid the slower expansion in bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

Domestic liquidity or M3 expanded by 6.4 percent year-on-year to P11.741 trillion, slower than April’s 7 percent. Month-on-month and seasonally adjusted, M3 accelerated by 1.6 percent.

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