Why Philippines Cut Special Deposit Account Rate
Jan. 24 (Bloomberg) -- Philippines Central Bank Governor Amando Tetangc talks with Bloomberg's Rishaad Salamat about the bank's decision to refrain from cutting benchmark borrowing costs, opting instead to reduce the rate on special deposit accounts to curb capital inflows that threaten to create asset-price bubbles. They speak on Bloomberg Television's "On The Move Asia." (Source: Bloomberg)
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