Read this in The Manila Times digital edition.
The Bangko Sentral ng Pilipinas (BSP) reported that the country's money supply rose at a slower pace in July, as bank lending continued to decline.
Domestic liquidity (M3) increased by 5.9 percent year-on-year to P14.4 trillion in July, according to the central bank, down from a revised 6.5 percent expansion in June. Month-on-month and seasonally adjusted, M3 rose by 0.1 percent.
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