M3 money supply up 9.3% at P7.6T

DOMESTIC liquidity in May as measured by M3—the total amount of cash and cash-equivalents circulating within the economy—rose 9.3 percent year-on-year to P7.6 trillion, indicating that liquidity remains sufficient to sustain the economy’s growth trajectory, the central bank said on Tuesday.

Data released by the Bangko Sentral ng Pilipinas (BSP) showed that M3 growth in May was faster than the 9 percent growth posted in April.