Money Supply Picks Up But Bank Lending Decelerates In July

Economic Research	1 September 2016
Philippines
Economic Highlights
Money Supply Picks Up But Bank Lending Decelerates In July The broad money supply (M3) growth in the Philippines edged up to 13.1% y-o-y in July, from +12.4% in June and +13.5% in May, underpinned by an acceleration in net foreign assets. Economist:  Rizki Fajar  | +6221 2970 7065
To access our recent reports please click on the links below: 19 Aug: Economic Growth Continues to Accelerate On Stronger Consumption 12 Aug: Policy Rates Left Unchanged In August 10 Aug: Exports Contract By A Larger Magnitude in June 08 Aug: Inflation Stabilises in July 01 Aug: Weakening In Philippines’ Oversea Workers Remittances, But There Are Silver Linings 01 Aug:  Money Supply and Bank Lending Decelerate In June 01 July: Money Supply and Bank Lending Continue to Increase In May 24 June: Policy Rates Keep On Hold In June Under the New IRC System