Money supply and bank lending growth both accelerated in August due to strong credit demand, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Domestic liquidity or M3 expanded by 15.4 percent year on year -- faster than July’s revised 13.5 percent — to P10.1 trillion. Month-on-month and seasonally adjusted, M3 growth was 1.8 percent.
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