THE growth of the country’s money supply continued to accelerate amid the faster rise in bank lending, data from the Bangko Sentral ng Pilipinas (BSP) showed on Wednesday.

In a statement, the central bank said domestic liquidity (M3) expanded by 11.4 percent year-on-year to P13 trillion last December, faster than November’s 9.8 percent. Month-on-month and seasonally adjusted, M3 increased by 1.6 percent.