BSP hopeful on continued credit growth

By Mayvelin U. Caraballo

Oct 08, 2021 12:15 am

THE Bangko Sentral ng Pilipinas (BSP) is hopeful about continued credit expansion in the country after bank lending finally improved in August.

'We're cautiously optimistic that with the gradual easing of lockdown measures combined with the implementation of localized lockdowns and the acceleration of the vaccination rollout, business activity will pick up, which would then spur credit growth in the country,' BSP Governor Benjamin Diokno pointed out in a press conference on Thursday.

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