PHILIPPINE GOVT TO PROMOTE LOW INTEREST RATES TO PROPEL ECONOMY.
Publication: AsiaPulse News
Publication Date: 06-FEB-01
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MANILA, Feb 6 Asia Pulse - To prevent sharp fluctuations in the cost of money, President Gloria Macapagal-Arroyo unveiled last night the administration's thrust to promote low-interest rates and allow the natural forces of market to set the price of the Philippine peso.
The President made the statement during the inauguration of the Rizal Commercial and Banking Corporation (RCBC) Plaza, a state-of-the-art twin-tower building in Makati City.
President Macapagal-Arroyo sees low-interest rates as the "best pump-priming mechanism to...
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