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The Bangko Sentral ng Pilipinas said that on a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of placements with the BSP, also rose 0.4 percent.
Outstanding loans for production activities climbed 8.3 percent in June from 8.4 percent in May. The figure was mainly composed of loans to key industries such as real estate ; wholesale and retail trade, and repair of motor vehicles and motorcycles ; manufacturing ; transportation and storage ; and electricity, gas, steam, and air-conditioning supply .
Meanwhile, money supply or domestic liquidity grew 6.6 percent year-on-year to about P17.5 trillion in June, a modest increase from 6.5 percent in May. On a month-on-month seasonally-adjusted basis, M3 increased by about 0.5 percent. Net claims on the central government expanded by 12.1 percent from 12.2 percent due to the sustained borrowings of the national government and the decline in its deposits with the BSP.
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