Money Supply and Bank Lending Continue to Increase In May

Economic Research	01 July 2016
Philippines
Economic Highlights
Money Supply and Bank Lending Continue to Increase In May The broad money supply (M3) growth in the Philippines edged up to 13.5% y-o-y in May, from a revised +12.8% in April and +11.7% in March, underpinned by a pick-up in both domestic claims and net foreign assets. Economist:  Rizki Fajar  | +6221 2970 7207
To access our recent reports please click on the links below: 24 June: Policy Rates Keep On Hold In June Under the New IRC System 20 June: As Expected, Current Account Surplus Dwindled in 1Q 2016 13 June: Exports Still Contract in May, But By A Smaller Magnitude 07 June: Inflation On Upward Trend 01 June: Money Supply and Bank Lending Increased In April 20 May: Economic Growth Accelerated, On Stronger Domestic Demand