For many years now, it’s been the elephant in the room, according to Finance Secretary Benjamin Diokno, with administration after administration looking the other way and leaving the issue untouched.
MANILA (Bloomberg): Philippine Finance Secretary Benjamin Diokno sees room for one of Asia’s most hawkish central banks to further slow interest rate increases and possibly change tack as inflation expectations cool.
The country’s debt level, which is now at a record high of P13.52 trillion, will remain sustainable as long as the overall economy is growing at a strong pace, according to Finance Secretary Benjamin Diokno.
CNA – The Philippine government will help ensure inflation will be on a target-consistent path over the medium term by addressing supply shocks and bottlenecks, Finance Secretary Benjamin Diokno said yesterday. Philippine inflation accelerated in October to its fastest pace in nearly 14 years at 7.7 per cent, driven by price gains in key commodity […]