• The Philippines’ money supply rose 6.4% y/y in December versus revised +5.5% in November, according to the Bangko Sentral ng Pilipinas.
• Bank net loans rose 13.4% y/y versus revised +13.9% in November
• Bank loans rose 13.1% y/y versus revised +13.5% in November
• Sustained growth in credit activity and ample liquidity will continue to support the recovery of economic activity and domestic demand, central bank says in statement