Philippines keeps an eye on real estate loans

As loan growth seemingly cools down to 15%.

According to DBS, the central bank (BSP) is likely to keep the overnight borrowing rate (OBR) at a record low of 3.5% tomorrow.

Here's more from DBS:

BSP is on balance more concerned about capital inflows in the immediate term and this was what prompted the recent cut 25bps rate cut in October.

However, further rate cuts may risk domestic macroeconomic stability further down the line. At this point, economic growth is still robust, with 3Q growth coming in at 7.1% YoY.

Loan growth also appears to be stabilizing at around 15%. With headline inflation still staying benign, BSP can keep rates accommodative, but further rate cuts appear unlikely.

Moreover, BSP has already stated that it is keeping a watch on real estate loans. Several new measures have been considered to help moderate inflows and temper peso strength.

These include curbs on NDFs and setting a minimum holding period for securities. Beyond the short term, inflationary pressures are likely to materialize and monetary tightening is likely to take place in 4Q13.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia