No Hikes For 2010, 50bps For 2011

December 2010
Asia Monitor: South East Asia Monitor Volume 2;Dec2010, Vol. 21 Issue 12, p1
Country Report
The article forecasts on the economic condition of the Philippines as of December 2010. It notes that interest rates for both the overnight borrowing and lending rates will be targeted to 4.00% and 6.00% respectively in the wake of inflationary pressures. Moreover, it mentions that a return of inflation due to easy borrowing conditions may lead to rate hikes, with the overnight borrowing and lending rates ending the year at 4.50% and 6.50% respectively by end-2011.


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