DOF Sec. Recto: Pagputol ng interest rate ng central bank ngayong taon, mababawasan
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NewsTranscript
00:00The Central Bank's interest rate will be reduced this year due to uncertain circumstances.
00:07This is what the Department of Finance Secretary Ralph Recto said at his World Economic Forum's annual meeting in Davos, Switzerland.
00:16According to Secretary Recto, the government plans to borrow US$3.5 million through foreign bonds this year.
00:26Despite the high interest rate, strong remittance will help the economy.
00:32The Philippine economy is expected to grow by at least 6%.
00:38The current value of the peso is in line with global trends.