DOMESTIC liquidity in April as measured by M3—the total amount of cash and cash-equivalents circulating within the economy—rose 9 percent year-on-year to P7.6 trillion despite a cooling of demand for credit, the central bank said on Friday.
Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the M3 growth in April was faster than the revised 8.7-percent growth posted in March.
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