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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of jobs
(RTTNews) - As expected, the Philippine central bank on Thursday kept its overnight borrowing or reverse repurchase rate at 4% and overnight lending or repurchase rate at 6%.
In a statement, the central bank said current policy interest rate settings remain appropriate. The inflation outlook remains manageable, with the latest BSP baseline projections indicating within-target inflation in 2010 and 2011 as demand-side pressures remain modest and inflation expectations well-contained.
Meanwhile, the current movements of asset prices, particularly in the equities and property markets, do not appear to pose any significant short-term challenges to the economy.
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