BANK lending and money supply growth continued to rise in July amid further interest rate cuts expected this year, Bangko Sentral ng Pilipinas (BSP) data issued on late Friday showed.

The outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the BSP, grew by 10.4 percent in July, slightly higher than the 10.1 percent recorded in the previous month.

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