Philippines' finance minister says no reason for rate hike

MANILA : The Philippine central bank has no reason to raise interest rates further as domestic inflation is easing, the country's finance minister said ahead of a May 18 monetary policy meeting.

"I'm for a pause, that's my opinion. Inflation is going down, huge reserves, the current account deficit has expanded but it's financially manageable and that's because of the improved economy, infrastructure spending," he said."So over all, there's no reason why we should increase the rates."

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

G7 agreed global financial system resilient but needs vigilance, Japan Finance Minister saysNIIGATA, Japan : Finance ministers and central banks from the Group of Seven rich nations agreed the global financial system is resilient but the need for vigilance remains, Japan's finance minister Shunichi Suzuki said on Saturday.The officials issued a joint statement vowing to address regulatory gaps i
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »