Lending up, M3 growth slows in Aug

Oct 07, 2024 12:22 am

BANK lending continued to rise in August but money supply growth slowed, 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 10.7 percent in August, slightly higher than the 10.4 percent recorded in the previous month.

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

2024 jobless rate lowest in 19 years

Onion imports OKd to halt price spikes

Analysts: Policy rate cut now more likely

P41B in fake goods seized last year

BCDA welcomes Senate bill's approval

Inflation unchanged at 2.9%

DBCC to adjust targets 'if needed'