(Bloomberg) -- Philippine bonds rose after the
government said the economy may grow faster than expected this
year as an appreciating peso cuts interest payments on the its
debt, freeing up capital for spending.
A 6.3 percent gain in the peso this year may save 23.8
billion pesos ($515.7 million) in interest, Budget Secretary
Rolando Andaya said in an interview in Manila.
Read more at Bloomberg Bonds News
government said the economy may grow faster than expected this
year as an appreciating peso cuts interest payments on the its
debt, freeing up capital for spending.
A 6.3 percent gain in the peso this year may save 23.8
billion pesos ($515.7 million) in interest, Budget Secretary
Rolando Andaya said in an interview in Manila.
Read more at Bloomberg Bonds News
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