Big banks’ outstanding loans continued to shrink while money supply or M3 slowed down in April, the Bangko Sentral ng Pilipinas (BSP) reported. “Bank lending remained weak as measures to contain the resurgence in COVID-19 cases constrained domestic economic activity and continued to dampen market sentiment,” said the BSP in ...

Source: Manila Bulletin (https://mb.com.ph/2021/05/31/bank-lending-continues-to-fall-money-supply-slows/?utm_source=rss&utm_medium=rss&utm_campaign=bank-lending-continues-to-fall-money-supply-slows)