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Financial market sell-offs are expected to have a “moderate impact” on the Philippines, which does not need to resort to controls to prevent capital from leaving, the International Monetary Fund (IMF) said.

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Risk aversion and deleveraging due to the global financial turmoil could increase interest rates which would mean higher borrowing costs for both the private and public sector, Bangko Sentral ng Pilpinas (BSP) Governor Amando Tetangco Jr. said in a speech before the Management Association of the Philippines (MAP).
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DELEVERAGING

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Financial market sell-offs are expected to have a “moderate impact” on the Philippines, which does not need to resort to controls to prevent capital from leaving, the International Monetary Fund (IMF) said.

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                    [Summary] => 
Risk aversion and deleveraging due to the global financial turmoil could increase interest rates which would mean higher borrowing costs for both the private and public sector, Bangko Sentral ng Pilpinas (BSP) Governor Amando Tetangco Jr. said in a speech before the Management Association of the Philippines (MAP).
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abtest

Market sell-offs to have ‘moderate impact’

June 17, 2013 - 12:00am

Financial market sell-offs are expected to have a “moderate impact” on the Philippines, which does not need to...

Business

Risk aversion, deleveraging to push interest rates higher

By Iris Gonzales | April 3, 2009 - 12:00am

Risk aversion and deleveraging due to the global financial turmoil could increase interest rates which would mean higher borrowing costs for both the private and public sector, Bangko Sentral ng Pilpinas (BSP) Governor...

Business