PHILIPPINE economic growth could accelerate to 7.0 percent due to reforms and if the key interest rates are further reduced, a Cabinet official said on Wednesday.

"If we could reduce it (interest rates) in the next two years by 150 basis points, [growth coud] probably [be] even higher," Finance Secretary Ralph Recto said in an interview with Bloomberg TV.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details