WB: High interest rates to weigh on PH growth

KEEPING

“A higher interest rate would mean a lower growth in the long term,” WB senior economist for the Philippines Dr. Rong Qian said at a Management Association of the Philippines’ (MAP) economic

meeting.

The Bangko Sentral ng Pilipinas ( BSP) last year increased government’s target would allow the BSP to cut policy rates.

“What would be the BSP’s stance, I don’t know, but I would think that as a policymaker, when

- tion and not growth, then when