By John Victor D. Ordoñez, Reporter
THE PHILIPPINE government will wait for rate cuts from the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) before its planned external borrowings next year, according to the Finance chief.
“We’re waiting for the Fed to reduce interest rates, and I think the Philippines, our central bank, will also reduce policy rates,” Finance Secretary Ralph G. Recto told reporters at the Senate when asked about the government’s planned borrowings next year.
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