THE uptick in the country’s money supply moderated in March as bank lending sustained its decline during the month, according to the Bangko Sentral ng Pilipinas (BSP).
In a statement on Monday night, the BSP said domestic liquidity (M3) accelerated by 8.3 percent year-on-year to P14.2 trillion in the third month of the year, slower than the 9.4-percent surge in February. Month-on-month and seasonally adjusted, M3 climbed by 0.7 percent.
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