M3 growth slows, bank lending steady

Feb 10, 2024 12:24 am

BANK lending stayed steady in December, the Bangko Sentral ng Pilipinas (BSP) reported late on Thursday, but money supply growth moderated due to the impact of higher interest rates.

Based on preliminary data, domestic liquidity or M3 expanded by 5.9 percent, slower than November's 7.0 percent, to about P17.4 trillion.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

PH external debt manageable – BSP

Fed rate cut seen boosting optimism

US central bank seen announcing first interest rate cut since 2020

China vows to defend firms as US sets steep tariff hikes

Rice imports spike 20% after tariff cut

Property, power to feel impact of Create More

Lotilla hopes for resolution of Dimalanta case