GROWTH in the country’s money supply accelerated in September amid the steady expansion of bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.
In a statement, the central bank said domestic liquidity or M3 expanded by 7.7 percent year-on-year to P12.03 trillion, faster than August’s revised 6.3 percent. Month-on-month and seasonally adjusted, M3 increased by 1.5 percent.
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