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No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us
Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

Tuesday, September 2, 2008

Bangko Sentral ng Pilipinas to maintain tight monetary stance.





Bangko Sentral ng Pilipinas to maintain tight monetary stance. According to the Manila Times , Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco stated recently that in order to control inflation and in order to deal with inflation expectations, it would be necessary for the BSP to maintain an appropriately tight monetary stance. Tetangco also said that it was essential to ensure price stability in order to sustain growth over the long term. The BSP expects inflation to reach between 9% and 11% this year and between 6% and 8% next year. The BSP recently raised its key rates by 25bps to 6% for the overnight borrowing rate and 8% for the overnight lending rate. Analysts are expecting the BSP rates to increase the key rates further.







We got a call from someone representing the Koreans asking us what to do

A spokesman at a Middle East sovereign fund reveals how Korea’s state-owned institutions are seeking advice on whether or not to invest in those international investment banks desperately wanting their money

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