Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said Wednesday the outlook for leasing and lending operations in the country remains bright amid the backdrop of a solid and robust domestic economy.
Espenilla said the positive economic outlook coupled with the government’s thrust to promote infrastructure spending would be favorable for financing and leasing industries.
“While global economic and political conditions remain challenging, the Philippine economy is strongly supported by buoyant consumer and corporate demand. It is projected to grow at 6.8 percent in the medium term,” he said during the general membership meeting and induction of officers of the Philippine Finance Corp. in Makati City.
Espenilla said the inflation outlook for the next two years remained manageable and within the government’s target range of 2 percent to 4 percent. He also cited the country’s international reserves which remained at a healthy level of $80.8 billion as of end-July 2017″•enough to cover almost nine months of imports and payments of goods and services.