Debt watcher Standard & Poor’s Ratings Services said rising interest rates may limit Philippine banks’ profitability as trading gains are likely to remain muted this year until 2016.
In a report, S&P said policy rates in the Philippines are expected to continue to increase to 4.25 percent in 2015 and to 5 percent in 2016, from 4 percent in 2014.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.