MANILA, Philippines -- The total value of loans extended by the country's largest financial institutions rose at a slower rate in February, no thanks to the high interest rate regime imposed by the central bank last year to fight off the highest inflation rates in almost a decade. As this developed, calls grew for the Bangko Sentral ng Pilipinas (BSP) to loosen monetary policy in the face of easing consumer prices, even as its leaders insist that current interest rate levels remain "appropriate". "With the trend of decelerating inflation and tightening liquidity and slowing bank lending, perhaps BSP will soon get enough data points to finally consider easing off...
Keep on reading: As BSP keeps foot on brakes, cash supply in PH economy tightens
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