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At the EagleWatch economic briefing on Thursday, BSP Governor Eli M. Remolona Jr. said the present RRR is currently at 9.5 percent and was still high by the region’s standards.
Bangko Sentral ng Pilipinas Governor Eli Remolona warned that rates would have to stay higher for longer, until “sustained downward trend in inflation becomes evident.”
Remolona said he is hopeful that the TTB sale would be expanded in the future to retail investors.
There’s always the issue of financial crisis,” Remolona added.