RHB | Philippines | Money Supply Rose While Bank Lending Eased In February

Economic Research	01 April 2015
Philippines
Economic Highlights
Money Supply Rose While Bank Lending Eased In February The broad money supply (M3) growth in the Philippines picked up to 8.5% y-o-y in February, from +7.7% in January and compared with +11.3% in in December amid a pick-up in net foreign assets, but partly offset 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: 27 March 2015:Policy Rates Held Steady Amid Manageable Inflation Environment 11 March 2015: Exports To A Slow Start In Early 2015 05 March 2015: February Inflation Inched Up For The First Time In Six Months 02 March 2015: Money Supply And Bank Lending Eased In January 05 February 2015: Inflation Continued To Ease In January, But Was Above Expectations 04 February 2015: Money Supply Growth Slowed While Bank Lending Held Up In 2014