Domestic liquidity expanded by 8.5 percent in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, slightly losing pace but still “sufficient to support economic growth”.
Preliminary data released by the central bank showed M3 at P7.829 trillion last month, up from P7.790 trillion in August when growth hit 9 percent. Month-on-month and seasonally adjusted, M3 growth was 0.1 percent.
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