BSP downplays asset bubble fears

Concerns of a real estate bubble have been downplayed by the Bangko Sentral ng Pilipinas (BSP), with a senior official stressing that big banks’ exposure to the sector is still comfortably below the regulatory limit.

The fear—fostered by continued growth in domestic liquidity and bank lending—does not have any basis based on monitored data, central bank Deputy Governor Diwa Guinigundo told reporters on Monday.