Philippines
Philippine interest rates to fall by year end
Philippine central bank governor Rafael Buenaventura said on Thursday the bank planned to lower its key overnight rates before the end of 2000 given signs that inflation and the peso had begun to stabilise.
Buenaventura says credit downgrade was harsh
The Philippine central bank said on Friday the move by Standard & Poor's todowngrade its long-term outlook on the Philippines to negative from stablewas harsh.
Philippine central bank head said he won't quit
Philippine central bank governor Rafael Buenaventura said on Thursday that he was not quitting in the wake of a deepening political crisis sparked by allegations President Joseph Estrada took a payoff from gambling lords.