Economy

BSP has room to raise rates without contracting the economy -governor













Credit: BSP

The Bangko Sentral ng Pilipinas (BSP) has room to resume hiking interest rates without contracting the economy, its governor said on Friday.

The Philippines has ample foreign exchange reserves to weather external shocks, Bangko Sentral ng Pilipinas Governor Eli M. Remolona told CNBC, a day after monetary authorities kept benchmark rates unchanged for the third straight meeting. — Reuters

RGEntRibirthFURD





Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top