Philippines' broad money supply increased at a faster rate in December, data released by the Bango Sentral NG Pilipnas said Wednesday.
The broad money supply, or M3, increased 10.6 percent on an annual basis in December, faster than the 9.8 percent gain seen n November.
Narrow money, or M2, meanwhile, increased at a slower rate of 7.4 percent in December than 8.2 percent in November. Other deposits were higher by 12.5 percent compared to last year, after growing 11.8 percent in the previous month.
On a monthly basis, the broad money supply advanced 6 percent in December, data showed.
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