Philippine central bank weighs stimulative measure

The Philippines' central bank may try to drive more consumer spending to boost the domestic economy with a reduction in its short-term special deposit account facility. However, though inflation remains low, the bank says it does not intend to ease monetary policy. Separately, the government posted a budget gap equivalent to 2.3% of GDP, below its self-imposed ceiling of 2.6%.

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Business Times (Singapore), The · Business World (Philippines)

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