Else longing necessary to support economic growth, financial secretary Ralph G. RCTo said, added that there were high opportunities in the middle bank to cut prices next month.
“Similarly important, I think, the reduction of interest rates. It will arise, because inflation is governed by the financial discussion,” Bloomberg in television interview on Wednesday.
“It’s a high probability that can make a cutting rate And at the next meeting, “he added.
The Finance Board was set to have the next meeting to set the value on April 10.
Central Bank is a simple cycle of the past month as a sudden maintenance of the key value is solid in 5.75%.
This after reducing three direct assemblies by the end of the past year, for all 75 point cuts (BPS).
Mr.Colo Reco said there was a reduction in the number of 75 prices for reducing this year.
“Hope, with a 50 BPS BPs and maybe 75 BPS (the cut), the year to help grow, use and investment,” added.
Reducing Lending costs can add at least 0.5% growth in gross Home product (GDP), said.
“If we could reduce us in the next two years by 150 bps, (may be) even more than ten years ago, we grew up on an average of 6.4% when prices were in the area. 3.4% to 3.9%. (Our total) of this policy It is 5.75%, “said the Prince of Finance.
Mr. RECO MEC DOES NOT MORE MORE, Corresponding the supportive investment, can call Philippine growth up to 7% “or is too high.”
This year, Mr. Redi said the Philippines would be able to fulfill its growth goals.
“We are sure to hit at least 6% increase.
“We have a choice and now and in the elections, there are extra spending, so we are very confident that we hit at least 6% this year,” Mr.Thlogo can be added.
The government looked at 6-8% growth from this year until 2028.
The Philippines’ GDP grew slow – is expected to be 5.2% in a quarter of the fourth, brings 5.6%. This was short of the government government renewed by the fully operating government 6-6,5%.
Despite the subjects from reducing the global growth decline, MrCT RCTo said the Philippines economy was driven much of use.
“To date, our BPO industry grows. The fees payable for our overseers continue to grow. Tourism is improving,” he said.
A recent imprisonment of the former President Rodrigo R. Dute may definitely decrease for investor senses.
Asked about the opportunity to collide from the politics after her arrest, Mr Ricti replied: “We don’t see that happens. Zero.”
“It is not worthless for our Mangroeconomic finances. In the beginning, there was a little reduction in stock exchange, but it was very succumbed, but the peso appreciated the day,” he said.
“It can also mean that the international community looks for the importance of law in us, and it is part of the ruling.”
Mr Difopherte, who led the Philippines from 2016 to 2022, was arrested in the international court (ICC) Warranty on criminal cases.
Finance
At that time, the financial supervisor said the government followed for investment efforts.
“We’re on the way. We passed the target of our presentations. Last year, we had the highest GDP average over the last 27 years. Very good.”
The latest data from the Treasurer has shown the National Government (NG) to submit the balance of the P68.4 budget balance
At the end 2024, deficit as part of the GDP settled by 5.7%, less than 6.2% at the end-2023. The NG looks to bring the miss-to-go to GDP to 5.3% this year and is 3.7% in the year 2028.
The Department of Finance will also continue the treatment of state-acted oriental assets, such as Calinian-Botanican-Layaan-Kalayaan Hydroelectric Power Power Plant.
“We also opens well, for there are many non-relevant government assets, and it costs government to take care of that.”
“Even small buildings are purchased by the private sector or even people, that can create an economic value.”
These private efforts are expected to produce P100-billion income. – Luisa Maria Jacinga C. jocson
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