Bank lending, M3 seen to pick up by end-2019

THE growth of bank lending and money supply in the country is likely to “accelerate” by the end of this year, according to an economist.

In a report released late on Thursday, Security Bank Corp. Assistant Vice President and economist Robert Dan Roces said the bank expected “both loan growth and liquidity levels to accelerate toward year-end as government ramps up spending, with a pause in monetary easing communicated by the central bank.”