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View Full Version : Philippines May Cut Cash Reserve Ratio to Spur Growth (Update1) - Bloomberg



NewsWhore
10-18-2008, 06:22 AM
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Philippines May Cut Cash Reserve Ratio to Spur Growth (Update1) (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaF_oZ5koV168%26refer%3Dasia&cid=0&ei=SLr5SL_HJIK6ywTKm-SQCQ&usg=AFQjCNGDT3gKRHt9wPhAOvItlrDPH8qYBA)
Bloomberg - 18 minutes ago
That should keep the peso average between 42 and 45 against the US dollar, he said. The local currency closed near an 18-month low of 48.08 yesterday.


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