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(From BusinessWorld (Philippines))
Byline: Felipe F. Salvosa II
Key interest rates could go down even further next year as markets react to improving government finances, National Treasurer Omar T. Cruz said yesterday.
He also said he expects inflation to ease next year with world oil prices going down.
"The environment is really looking good for us," he told reporters after celebrations marking the Treasury's 108th founding anniversary.
Contrary to belief that the government had overestimated interest rates for this year, Mr. Cruz said better government finances drove interest rates down as investors reacted positively.