3 months Lending growth slows down in June; M3 steady MB |Biz
By Lee C. Chipongian Big banks’ lending growth was lower in June, up 10.5 percent year-on-year compared to 11.9 percent in May, according to the Bangko Sentral ng Pilipinas (BSP). The domestic liquidity growth remained at 6.4 percent, said the BSP, the same as in May. Money supply stood at P11.8 trillion in June. “The BSP will continue to closely monitor domestic liquidity dynamics to ensure that overall monetary conditions remain in line with the BSP’s price and financial stability objectives,” said the BSP. In peso value, outstanding loans totaled P8.423 trillion in June. With reverse repurchase placements in ... more