• Credit growth picked up to 8.3 percent in July, ending three straight months of slowdown, from the 7.6 percent expansion in June as the Bangko Sentral ng Pilipinas (BSP) kept interest rates unchanged amid the inflation downtrend.
  • Preliminary data from the central bank showed that loans disbursed by universal and commercial banks amounted to P11.04 trillion in end-July, P792.26 billion higher than the P10.19 trillion recorded in the same period last year.