Bangko Sentral sees improved economy in second half of 2009

MANILA, Philippines РBangko Sentral ng Pilipinas (BSP) officials said they expect the country’s economic performance to improve during the second half of this year.

The BSP has reduced its policy rates by a total of 200 basis points since December last year to bring down borrowing costs and encourage economic activities.

BSP Deputy Governor Diwa Guinigundo told reporters that the BSP had no clear indications of how the economy performed in the second quarter but prospects appear better for the second half of the year.


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