00:00Department of Finance Secretary Ralph Recto announced that the Central Bank may reduce
00:05its interest rate cuts this year due to the ongoing global uncertainties.
00:11Recto made the statement during an interview at the World Economic Forum's annual meeting
00:17in Davao.
00:18He also revealed that the Philippine government's plan to barrel US$3.5 billion through foreign
00:26bonds in 2025.
00:28Despite the higher costs of barrowing, strong remittance flows are helping alleviate the
00:34pressure on the country's financing.
00:37Recto further projected that the Philippine economy would grow by at least 6 percent this
00:42year with the current value of the peso reflecting global market trends.
