Liquidity, or the money supply in the financial system, rose 8.5 percent in September to P7.829 trillion from P7.219 trillion a year ago due largely to the increasing demand for credit in the domestic economy, the Bangko Sentral ng Pilipinas said Friday.
The September expansion was slightly slower than the 9-percent growth in August.
Domestic claims rose 12.4 percent in September from 13 percent in August. Credits to the private sector increased at a slightly slower pace relative to the previous month.
Net public sector credit, meanwhile, increased 15.4 percent, faster than the 14.5-percent growth a month earlier.
Net foreign assets in peso terms rose 6.9 percent in September from 7.9 percent a month ago. The Bangko Sentral’s NFA position continued to expand during the month on the back of robust foreign exchange inflows coming mainly from remittances from migrant Filipino workers and business process outsourcing receipts.
