DOMESTIC liquidity in June as measured by M3—representing the total amount of cash and cash-equivalent circulating within the economy—rose 9 percent year-on-year to P7.7 trillion, an indication that liquidity remains sufficient to sustain the economy’s growth requirements, the central bank said on Friday.
Data released by the Bangko Sentral ng Pilipinas (BSP), however, showed that M3 slowed in June from the 9.3 percent rise posted in May.
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