MONEY supply growth picked up slightly in May amid a slower expansion in bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Domestic liquidity or M3 expanded by 14.3 percent year on year to P11.032 trillion, marginally faster than April’s 14.2 percent. Month-on-month and seasonally adjusted, M3 increased by 1.3 percent.
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