RHB | Philippines| Money Supply Rose While Bank lending Slowed in April

Economic Research	01 June 2015
Philippines
Economic Highlights
Money Supply Rose While Bank lending Slowed in April The broad money supply (M3) growth in the Philippines picked up to 9.0% y-o-y in April, from a revised +8.7% in March and compared with +9.5% in February, on account of a pick-up in net foreign assets, but partly mitigated by a slowdown in domestic claims. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 29 May 2015:Economic Growth Losing Momentum In 1Q But Expected To Improve 15 May 2015: Policy Rates Maintained Amid Firm Economic Activities 13 May 2015: The Philippines’s Exports PickUp Steam In March 06 May 2015 :Inflation Continued Trending Lower In April 09 April 2015: Exports Contract Further In February 07 April 2015: Inflation Inched Lower In March Amid Easing Food Prices