Bank lending rises; liquidity growth slows

Mar 09, 2024 12:29 am

BANK lending picked up in January but money supply growth continued to moderate due to the impact of higher interest rates.

The outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), grew by 7.8 percent from a revised 7.1 percent in December, preliminary central bank data showed.

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