6 months Liquidity, lending growth ease anew Manilatimes |Biz
Money supply posted its slowest growth in more than six years in February amid a sustained deceleration in bank lending, data from the Bangko Sentral ng Pilipinas (BSP) showed on Friday. Domestic liquidity or M3 expanded by 7.1 percent year-on-year to P11.497 trillion, slower than January’s revised 7.7 percent. It was also the slowest M3 growth since the 6.2 percent posted in August 2012. Month-on-month and seasonally adjusted, M3 grew by 0.8 percent. “The BSP will continue to closely monitor domestic liquidity dynamics to ensure that overall monetary conditions remain in line with maintaining price and financial stability,” the central ... more