BusinessWorld E-paper
September 14, 2023
CREDIT GROWTH slowed for a fourth straight month in July, as high interest rates took its toll, Bangko Sentral ng Pilipinas (BSP) data showed.
Data from the BSP showed outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the central bank, rose by 7.7% to P11 trillion in July, from P10.21 trillion a year earlier.
