Bloomberg News

Philippines’ Liquidity Growth ‘Under Control,’ Guinigundo Says

October 27, 2011

Oct. 27 (Bloomberg) -- Philippines’ liquidity expansion of about nine percent to 10 percent is “under control” and the pace is “just right” for the economy’s growth and inflation expectations, central bank Deputy Governor Diwa Guinigundo said in a speech today in Manila.

Loose monetary policy and fiscal stimulus packages in advanced economies to bolster growth helped sustain capital flows to emerging markets, Guinigundo said. Domestic demand “has been a steady counterweight to government’s under spending,” the deputy governor said.

To contact the reporter on this story: Norman P. Aquino in Manila at

To contact the editor responsible for this story: Clarissa Batino at

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