RHB | Philippines| Money Supply Climbed While Bank Lending Trended Lower in May

Economic Research	01 July 2015
Philippines
Economic Highlights
Money Supply Climbed While Bank Lending Trended Lower in May The broad money supply (M3) growth in the Philippines climbed to 9.3% y-o-y in May, from +9.0% in April and compared with +8.7% in March, on the back of a pick-up in net domestic claims but mitigated partially by a slowdown in net foreign assets. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 26 June 2015: Policy Rates Kept Unchanged As Domestic Activities Remain Firm 22 June 2015: Current Account Surplus Shrank in 1Q 11 June 2015: The Philippines' Exports Contracted In April 05 June 2015:Inflation Eased Further To A Nine-Year Low In May 01 June 2015:Money Supply Rose While Bank lending Slowed in April 29 May 2015:Economic Growth Losing Momentum In 1Q But Expected To Improve 15 May 2015:Policy Rates Maintained Amid Firm Economic Activities