Philippine domestic liquidity (M3), or the amount of money circulating in the economy, grew 6.6 percent year-on-year to P18.6 trillion in August 2025, the Bangko Sentral ng Pilipinas (BSP) said Thursday.
The BSP said it would continue to ensure consistent domestic liquidity conditions in line with its price and financial stability objectives.
The BSP’s data showed that domestic claims expanded by 9.8 percent year-on-year to P21.09 trillion in August from P19.21 trillion a year earlier. This was led by a rise in claims on both the central government and other sectors.
Net claims on the central government increased by 6.1 percent to P5.44 trillion, while claims on other sectors rose 11.1 percent to P15.65 trillion.
Within this, claims on the private sector grew 11.1 percent to P13.71 trillion on continued expansion in bank lending to non-financial private corporations and households.
Net foreign assets (NFA) in peso terms increased by 4.8 percent to P7.04 trillion. The NFA represents the difference between the claims on non-residents and liabilities to non-residents of depository corporations.
The BSP’s NFA increased 0.7 percent to P6.14 trillion in August amid a decline in foreign currency-denominated bills payable.
