Why the Philippines is ignoring analysts' siren call (so far)

National Treasurer Rosalia V De Leon says the central bank is right to hold off raising rates as she queries why the country does not have a higher international credit rating.
Rocky ride ahead?
Rocky ride ahead?

The Bangko Sentral ng Pilipinas BSP has been making the right call to hold off lifting domestic interest rates, as the economy is not in danger of overheating National Treasurer Rosalia V De Leon told FinanceAsia

Economists had been expecting the central bank to raise its policy rate about two to three times in 2018 to combat rising inflation, higher US treasury yields and strong GDP growth. So far it has resisted.

The central bank has shown they'll not be moved by market analysts calling for rates to be increased, De Leon told FinanceAsia in a wide-ranging interview examining the country’s credit...

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