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Philippine M3 Growth Slows In July
(RTTNews) - Tuesday, the results of the Depository Corporations Survey announced by the Bangko Sentral ng Pilipinas said domestic liquidity or M3 money supply increased at a slower pace of 4.1% year-on-year in July, compared with June’s 5.1%.
On a monthly basis, M3 money supply decreased seasonally adjusted 0.2% in July.
The central bank said these data were generated from the Financial Reporting Package, the new system of bank reports that is consistent with international accounting standards and IFRS.
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