QUEZON CITY, Aug. 2 – The Bangko Sentral ng Pilipinas said preliminary data show that domestic liquidity (M3) grew by 12.4 percent year-on-year to P8.7 trillion in June. BSP noted that this was a slight deceleration from the 13.5-percent expansion recorded in May. On a month-on-month seasonally-adjusted basis, M3 decreased by 0.3 percent. Money supply continued to expand due largely to sustained demand for credit. Domestic claims grew by 16.9 percent in June from 18.7 […]