The expansion in credits to the domestic sector and adjustments in the special deposits accounts (SDA) facility continue to be the growth driver of the country’s money supply, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
BSP data said that domestic liquidity, or M3, increased by 30.9 percent year-on-year at end-August 2013 to reach P6 trillion following a growth of 30.1 percent in July 2013.
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