Domestic Liquidity Grows by 5.0 Percent, Year-on-Year, in September

Read Time:1 Minute, 2 Second

Preliminary data show that domestic liquidity (M3) grew by 5.0 percent year-on-year to about ₱15.4 trillion in September from the 6.7-percent (revised) growth in August. On a month-on-month seasonally-adjusted basis, M3 decreased by 0.2 percent.

Domestic claims rose by 10.8 percent year-on-year in September from 11.4 percent (revised) in the previous month, due to the improvement in bank lending to the private sector. Claims on the private sector grew by 10.1 percent in September from 8.9 percent in August with the sustained expansion in bank lending to non-financial private corporations and households. Meanwhile, net claims on the central government rose by 15.3 percent in September from 21.2 percent in August owing to the sustained borrowing by the National Government.

Net foreign assets (NFA) in peso terms fell by 1.7 percent in September following the 0.8-percent contraction in August. The NFA of banks declined mainly on account of higher bills payable. Meanwhile, the BSP’s NFA position was broadly steady year-on-year.

Looking ahead, the BSP will continue to ensure that domestic liquidity conditions remain in line with the BSP’s price and financial stability objectives. ##

About Post Author

Diyaryo Milenyo

DIYARYO MILENYO is a free and independent online media outfit that publishes events happening in the local communities and current issues that matter to the public with local, national and global implications. DIYARYO MILENYO is composed of volunteer journalists and community writers scattered in various parts of the Philippines. They report the news right and where it happens. It adheres to the standards and ethics of journalism. It imposes strict rules against attacking someone. Strictly adhering to publish good news only.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Month-Ahead Inflation Forecast for October 2022
Next post Is Bleaching the Best Method of Home Teeth Whitening?

Discover more from Diyaryo Milenyo

Subscribe now to keep reading and get access to the full archive.

Continue Reading

%d bloggers like this: