Philippine credit growth could decelerate even further to single-digit levels to reflect the impact of higher inflation and interest rates, global credit watcher S&P Global Ratings said in a recent report.
Philippine credit growth could decelerate even further to single-digit levels to reflect the impact of higher inflation and interest rates, global credit watcher S&P Global Ratings said in a recent report.
Preliminary data released by the Bangko Sentral ng Pilipinas earlier this month showed that outstanding loans by big banks net or reverse repurchase placements increased by 10.4% to P10.71 trillion in January. Core inflation, which excludes prices of food and fuel, accelerated to 7.8% in February from 7.4% the previous month, marking the fastest in over 22 years since 8.2% in December 2000.
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