MANILA, Aug 31 (Reuters) - The Philippine central bank on Thursday released preliminary data for July domestic liquidity (M3) and bank lending. M3 (pct change yr/yr Jul Jun May Apr Mar 13.5 13.3 11.3 11.2 11.6 Bank lending (pct change yr/yr) Total loans net of reverse 19.7 19.0 18.7 19.2 20.2 repurchase (RRP) deals Total loans with RRP 18.7 18.3 17.4 16 18.4 Seasonally adjusted data Total loans net of RRP 1.7 1.4 1.7 1.1 1.7 Total loans with RRP 1.4 1.9 3.3 0.4 0.9 NOTE: The June M3 figure was revised. - The accelerating liquidity growth, driven mainly by demand for credit, remained in line with the central bank's prevailing outlook for inflation and economic activity, it said in a statement. - Production loans, comprising 88.4 percent of the combined loan portfolio of universal and commercial banks, grew 18.9 percent in July from a year earlier, accelerating from the previous month's 17.9 percent rise. - Consumer loan growth eased to 22.3 percent from 22.5 percent in June. (Reporting by Enrico dela Cruz; Editing by Subhranshu Sahu)
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