Money supply and bank lending growth slowed in November, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. “The growth in M3 remains broadly consistent with the BSP’s prevailing outlook for inflation and economic activity,” the central bank said in a statement. The central bank said its own NFA position decreased in November, reflecting a decrease in gross international reserves. Lending moderatesBank lending growth, meanwhile, moderated to 19.2 percent from October’s 19.9 percent. Including reverse repurchase placements (RRPs) with the central bank, growth picked up to 18.3 percent from 18 percent in the previous month.

Source: Manila Times December 29, 2017 17:26 UTC