Money supply Feb growth slows to 8.5% vs 36.6% yr-earlier

GROWTH in money supply as measured by M3—the total amount of cash and cash-equivalent of securities circulating within the economy—slackened in February from a year earlier when growth was at double-digits, but gained some momentum from January this year.

Preliminary data released by the Bangko Sentral ng Pilipinas (BSP)showed that domestic liquidity or M3 in February stood at P7.5 trillion, up 8.5 percent, a sharp slowdown from the 36.6 percent increase recorded a year earlier.