Growth in the country’s money supply in November slipped to a year-on-year rate of 9 percent from the previous month’s annual expansion of 15.4 percent , an effect of the central bank’s mopping up operations started last year.

Data from the Bangko Sentral ng Pilipinas (BSP) showed on Monday that domestic liquidity or M3—which measures the total amount of cash and cash-equivalent of securities circulating within the economy—reached P7.3 trillion in November.

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