WB: High interest rates to weigh on PH growth

By Anna Leah E. Gonzales

Feb 19, 2019 12:19 am

Keeping higher interest rates will affect the country’s long-term growth, a World Bank (WB) economist said on Monday.

“A higher interest rate would mean a lower growth in the long term,” WB senior economist for the Philippines Dr. Rong Qian said at a Management Association of the Philippines’ (MAP) economic briefing and general membership meeting.

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