Aquino Dismisses Risk of Bubble as Economy Grows: Southeast Asia
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Philippine President Benigno Aquino said there is no danger of the economy overheating, downplaying the risk of asset bubbles forming even as annual growth exceeds 7 percent.
The central bank is on guard to contain inflation and asset prices, Aquino, 54, said in an interview yesterday at the presidential palace in Manila. The Philippines is targeting growth of 6.5 percent to 7.5 percent this year after expanding