Money supply posted its slowest growth in more than six years in February amid a sustained deceleration in bank lending, data from the Bangko Sentral ng Pilipinas (BSP) showed on Friday.

Domestic liquidity or M3 expanded by 7.1 percent year-on-year to P11.497 trillion, slower than January’s revised 7.7 percent. It was also the slowest M3 growth since the 6.2 percent posted in August 2012.

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