Philippine economy eyes 6-7% growth in 2013

Central Bank's deputy governor said they may be room for policy stimulus.

According to OCBC, BSP Deputy Governor Espenilla said that the economy is on track to see 6-7% yoy growth next year and suggested that there is room for policy stimulus as inflation is looking benign at this juncture. "Separately, BSP Governor Tetangco indicated that the central bank will consider credit risks and asset price bubbles during Thursday’s policy meeting," OCBC added.

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