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BSP chief Diokno: PHL economy will grow faster than its debt

DESPITE the country’s aggressive borrowing during the pandemic, the Central Bank Governor remained confident the Philippine economy can still outgrow its debts. In a plenary session at the Southeast Asia Development Symposium (SEADS), Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the country’s current debt is composed of…
Bangko Sentral Benjamine Diokno Southeast Asia Development Symposium Central Bank Governor Central Bank Public Service

BSP: Growth alone won't heal Covid's scars

THE Bangko Sentral ng Pilipinas (BSP) said on Wednesday that the pandemic’s underlying economic scars may not be fully reversed by a pick-up in growth momentum alone. In the Central Bank’s Financial Stability Report for the Second Semester of 2021, as published on Wednesday, the BSP said while the improving…
Nonie Reyes Bangko Sentral Central Bank Financial Stability Report Second Semester

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