Economy
Lawmaker Urges Accessible Housing Finance Amid High Interest Rates
A Philippine lawmaker is calling for improved accessibility to housing finance programs for low- and middle-income earners, citing concerns over the impact of central bank interest rate hikes on homeownership. Rising prices and high interest rates are squeezing household budgets, making it harder to acquire homes.
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- Rising Borrowing Costs Threaten Philippine Homeownership Amid Economic Woes
A lawmaker in the Philippines has warned that the Bangko Sentral ng Pilipinas' recent interest rate hike could further hinder homeownership. Rising borrowing costs, coupled with stagflationary pressures, are squeezing household budgets and impacting the residential property market.