You know they have been concerned that it would be at the monetary cease, Dominguez noted. “But I said we’re less than 90 days in office. I mean when do you see any alternate in policy? There isn’t any change, so how can you say that we are unstable?
“[A]s I said, there is no motive for it to go down. I said, number one, we’re in a Goldilocks second in our us of a,” he delivered.
The Cabinet official stated hobby rates are highly low around the arena, and there may be “little or no” inflation within the us of a. The Philippine financial gadget is also complete of excess liquidity, he stated.
“The president said we can honor all our commitments,” he introduced.
A credit score downgrade might be felt via investors and ordinary Filipinos, Dominguez referred to. “What may want to in all likelihood take place if they downgrade us? If they downgrade us, initially, the hobby fees we pay for our loans – our new loans—will pass up.
“When hobby costs for the authorities move up, that means … we’ve got much less finances to spend on our application.”
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