Lending, M3 growth steady in March

Lending, M3 growth steady in March – BSP

May 09, 2023 12:25 am

BANK lending and money supply growth were generally steady in March despite continued policy rate hikes, Bangko Sentral ng Pilipinas (BSP) figures showed on Monday.

Based on preliminary data, outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the central bank, grew by 10.1 percent from February's 10.0 percent.

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