A former economics professor who took the helm of the central bank in March, Diokno said the US economy is growing due to the tax cut enacted under President Donald Trump, but the policy will exacerbate debt in the long run.
“Whatever Trump does is really driving the markets. It affects everyone else,” said Michael Ricafort, an economist at Rizal Commercial Banking Corporation in Manila.Trump, who wants to see stronger US economic growth ahead of his re-election bid next year, has been outspoken in favoring more aggressive monetary-policy easing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wary of conflict with Iran, Trump takes go-slow approach to attack on Saudi oilWASHINGTON - Known for acting on impulse, President Donald Trump has adopted an uncharacteristically go-slow approach to whether to hold Iran responsible for attacks on Saudi oil facilities, showing little enthusiasm for confrontation as he seeks re-election next year.
Source: manilabulletin - 🏆 25. / 51 Read more »
Trump Names Hostage Negotiator as National Security AdviserPresident Donald Trump has named hostage negotiator Robert O’Brien to be his new national security adviser.
Source: manilabulletin - 🏆 25. / 51 Read more »
Kim Jong-un invited Trump to Pyongyang last August—execNorth Korean leader Kim Jong-un has asked US President Donald Trump for a third summit and invited him to Pyongyang in a letter sent in August. AsiaNewsNetwork
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Trump says he does not want war after attack on Saudi oil facilitiesWASHINGTON/DUBAI - U.S. President Donald Trump said on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, as the attacks sent oil prices soaring and raised fears of a new Middle East conflict.
Source: manilabulletin - 🏆 25. / 51 Read more »
Trump visits border wall in California, calls it ‘amazing’SAN DIEGO - President Donald Trump is capping a three-day trip to the West with a visit to the border wall in San Diego, where he is showing reporters details of the ongoing
Source: inquirerdotnet - 🏆 3. / 86 Read more »
[ANALYSIS] Just how bad was corruption during the Marcos years?The Marcoses not only ransacked the economy, they also flaunted their loot to the world. Marcosian means brazen, unapologetic and corrupt. Im not Marcos loyalist, even diliwan or DDS, but as per analysis, during Marcos How much budget of the Philippines that time? How much the salary ofnthe President ? Anyone of you, have you ever consider his brilliant or smart idea? May be President Marcos has a purpose.🤔 'Corruption of marcoses' led to public infrastructures that we are still using today..
Source: rapplerdotcom - 🏆 4. / 86 Read more »