The country’s money supply and bank lending both expanded in September, but at a moderate pace, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
In a statement, the central bank said domestic liquidity (M3) picked up by 12.3 percent year-on-year to P13.5 trillion in the ninth month, slower than the revised 13.7 percent in August. Month-on-month and seasonally adjusted, M3 rose by 0.2 percent.
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