AT The Manila Times economic forum, Ndiame Diop — World Bank country director for Brunei, Malaysia, the Philippines and Thailand — thoroughly shared his economic insights on the two prevailing concerns faced by many countries today: public debt and unpredictable trajectory of interest rates.
Diop briefly explained the state of the Philippines' interest rates and said: "If the [peso] depreciates, it will fuel inflation. My sense is that the authorities in the Philippines are keen on keeping it low. There may be a preference for high interest rates for longer over slightly low interest rates with the risk of seeing inflation increasing in pesos."
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