Money supply slows, bank lending up in Jan

THE amount of money circulating in the financial system eased slightly in January amid a moderation in domestic claims, but bank lending continued to expand during the month, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.

Domestic liquidity or M3 expanded at a slower pace of 12.4 percent to P9.374 trillion in January, from a revised estimate of 12.7 percent in December. Seasonally adjusted month-on-month, M3 grew by 1.6 percent.