BSP allows money supply expansion.(Business) From: Manila Bulletin | Date: April 2, 2003 | COPYRIGHT 2003 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: FIL C. SIONIL

The Bangko Sentral ng Pilipinas (BSP) will allow monetary aggregates (money supply) to expand by 12 percent this year to P2 trillion to perk up domestic activities, which may slowdown in the wake of a prolonged Middle East conflict.

According to Acting BSP Governor Amando M. Tetangco, Jr., the 12 percent expansion in money supply this year is just enough to meet the government's inflation rate target range of between 4.5 percent and 5.5 ...