PH domestic liquidity up 6.1% in March 2025

The country's domestic liquidity continued to expand in March 2025, although slower than the previous month, preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed Thursday.

Domestic liquidity or M3—the broadest measure of money in the financial system—was recorded at P18.242 trillion in March, 6.1% higher than the P17.199 trillion in March 2024.

This is slower than the 6.3% growth in February, when liquidity was recorded at P17.983 trillion versus the P16.923 trillion in the same month last year.

This comes as domestic claims grew by 10.4% to P1.950 trillion, which includes P413.406 billion in net claims on central government, and P1.537-trillion claims on other sectors.

Net foreign assets in peso terms grew by 2.5% to P167.060 billion, with the central bank accounting for P267.031 billion, while banks accounted for P99.972 billion in liabilities due the decline of higher foreign currency-denominated bills payable.

"The BSP will continue to ensure that domestic liquidity conditions remain consistent with the prevailing stance of monetary policy, in line with its price and financial stability objectives," the BSP said. — VDV, GMA Integrated News