Growth in the country’s money supply in October eased to a year-on-year rate of 15.4 percent from the previous month’s annual expansion of 16.2 percent, in line with the government’s mopping up operation, the central bank said on Friday.

The Bangko Sentral ng Pilipinas (BSP) said it expects domestic liquidity growth to moderate further in the months ahead as recent monetary policy adjustments continue to work their way through the economy.

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