Monday, August 1, 2016

Money Supply and Bank Lending Decelerate In June

Economic Research
01 Aug 2016

Economic Highlights

The broad money supply (M3) growth in the Philippines edged down to 12.4% y-o-y in Jun, from +13.5% in May and +12.8% in April, underpinned by a slowdown in domestic claims.

Meanwhile, outstanding loans of commercial banks, inclusive of reverse repurchase placements (RRP) with the central bank, stabilised at +16.6% y-o-y in June, from the same rate in May and +14.8% in April, supported by faster growth in loans extended to households but partly offset by slower growth in loans to businesses.

Economist:  Rizki Fajar  | +6221 2970 7207

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