BSP: M3 growth steady in June

Aug 01, 2019 12:17 am

GROWTH in the country’s money supply was steady in June amid the continued slowdown in bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.

Domestic liquidity or M3 rose by 6.4 percent year-on-year to P11.776 trillion, unchanged from May’s expansion rate. Month-on-month and seasonally adjusted, M3 rose by 0.1 percent.

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