The pace of growth of the country’s money supply and in bank lending decelerated in June, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

In a statement, the central bank said domestic liquidity (M3) rose by 14.9 percent year-on-year to P13.6 trillion in June, slower than the revised 16.7 percent in May. Month-on-month and seasonally adjusted, M3 shrank by 1.1 percent.

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