INQUIRER.net: ING warns of risks in SDA funds release

INQUIRER.net Philippine News for Filipinos

ING warns of risks in SDA funds release Jul 21st 2013, 22:56 MANILA, Philippines—Funds that are starting to flow out of the central bank's special deposit accounts (SDA) have helped stabilize local financial markets that were recently rocked by external shocks, financial giant ING said.   However, in a research note released Friday, ING warned that while funds released from SDAs could help spur economic growth, the flood of money could also lead to higher consumer prices that the Bangko Sentral ng Pilipinas (BSP) would have to address.   ING senior economist Joey Cuyegkeng said in his note to clients that around P400 billion in funds currently parked in SDA accounts were expected to shift to other financial assets by ... Keep on reading: ING warns of risks in SDA funds release Media files: peso_bills.jpg (image/jpeg)

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