Manila c bank says no need to print more money

PHILIPPINES - There was no danger that monetary authorities would be forced to print more money to pay for government debts, Philippine central bank governor Rafael Buenaventura said on 31 July.

"We will not print new money to pay debts and I don't think government will ask us to do that," Buenaventura told reporters.

Buenaventura was commenting on media reports that a foreign investment bank had warned in a study that the country's widening budget deficit, depreciation of the peso and weak eco