Bank discipline will help prevent feared bubble burst

THE result of the Bangko Sentral’s 2014 First Quarter Senior Loan Officers Survey (SLOS) gladdens the BSP officers. It shows that our private sector bankers have become a disciplined lot. The survey shows that Philippine bankers have made it easier for business enterprises and industries to borrow money from them but they have made it more difficult for households and plain consumers to borrow to buy their dream houses and condos and cars.

Of course consumers who belong to the elite top 1% of the 1% richest people in our population can continue to buy whatever they like. .