GROWTH in money supply and bank lending both surged in May as loans for production activities continued to expand, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
Domestic liquidity or M3 expanded by 13.5 percent in May, from April’s revised 12.8 percent growth, to P8.7 trillion. Month-on-month and seasonally adjusted, M3 growth was 1.4 percent.
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