Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Bangko Sentral ng Pilipinas - BSP-Domestic Liquidity Expands by 6.9 Percent, Year-on-Year, in August.

Document Cited in Related
Vincent

ENPNewswire-October 1, 2021--Bangko Sentral ng Pilipinas - BSP-Domestic Liquidity Expands by 6.9 Percent, Year-on-Year, in August

(C)2021 ENPublishing - http://www.enpublishing.co.uk

Release date- 30092021 - Bangko Sentral ng Pilipinas - Preliminary data show that domestic liquidity (M3) expanded by 6.9 percent year-on-year to about ?14.4 trillion in August 2021.

This was faster than the 5.9-percent growth posted in July. On a month-on-month seasonally-adjusted basis, M3 increased by 1.2 percent.

Domestic claims grew by 6.7 percent year-on-year in August from 4.5 percent in the previous month due to the expansion in net claims on the central government as well as the continued improvement in bank lending to the private sector. Net claims on the central government rose by 23.5 percent in August from an 18.5-percent expansion in July on the back of sustained borrowings by the National Government. Claims on the private sector, driven by bank lending to non-financial private corporations, went up by 2.3 percent in August from 0.4 percent growth in July.

Net foreign assets (NFA) in peso terms expanded by 9.7 percent in August from 11.6 percent in July. The expansion in the BSP's NFA position reflected the increase in the country's gross international reserves relative to the same period a year ago. Meanwhile, the NFA of banks declined as banks' foreign...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT