Positive growth proves Central Bank of Philippines right
Data released by the National Statistical Coordination Board on Thursday showed Filipino economy grew by 1.5% in the second quarter of the year on a year-on-year basis.
"The data justified the central bank's decision last week to end an eight-month easing cycle," Diwa Guinigundo, a deputy governor of the Central Bank of Philippines, told Reuters, a news agency.
"This clearly shows stronger signs of economic recovery," Guinigundo said. "The recent decision to pause was correct, from which
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