2  Though see a thoughtful piece by Claudio Borio and Piti Disyatat at http://www.voxeu.org/article/low-interestrates-secular-stagnation-and-debt suggesting that the real neutral interest rate may be influenced by low policy rates.
Foreign investors have shown an increased interest in the Philippines. The Government is actively increasing the country’s competitiveness by building infrastructure, promoting the ease of doing business, and lifting restrictions on foreign ownership for certain industries. Amidst this economic robustness, inflation has remained manageable. In 2017, inflation was at an average of 3.2 percent.