(Bloomberg) -- The Philippine peso rose for the
second day on speculation the central bank's decision yesterday
to keep interest rates on hold will spur lending and growth.
Seven-year bonds gained.
Bangko Sentral ng Pilipinas left its tiered rates unchanged
to encourage domestic banks to lend rather than place funds with
the central bank. The peso is the second-best performing currency
in Asia this quarter as overseas investors' purchases of the
nation's assets helped accelerate growth, pushing the benchmark
stock index to a record.
Read more at Bloomberg Bonds News
second day on speculation the central bank's decision yesterday
to keep interest rates on hold will spur lending and growth.
Seven-year bonds gained.
Bangko Sentral ng Pilipinas left its tiered rates unchanged
to encourage domestic banks to lend rather than place funds with
the central bank. The peso is the second-best performing currency
in Asia this quarter as overseas investors' purchases of the
nation's assets helped accelerate growth, pushing the benchmark
stock index to a record.
Read more at Bloomberg Bonds News
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