Philippines: Credit growth eases to 9.9% in March, slowest in 8 years

MANILA, Philippines — Credit growth slowed for the fifth straight month in March, hitting  single-digit level for the first time in more than eight years due to the decline in household loans after a series of rate hikes by the Bangko Sentral ng Pilipinas (BSP) last year to control inflation. Latest data from the BSP […]

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