President Bongbong Marcos himself signaled borrowing rates will go higher as the government addresses rising inflation and a weak peso. On Twitter, Mister Marcos said they may have to defend the local currency and that further economic developments are expected. <br /><br />Joining us for his interest rate insights and outlook is ING Bank senior economist Nicholas Mapa.<br /><br /><br />Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/<br /><br />Follow our social media pages:<br /><br />• Facebook: https://www.facebook.com/CNNPhilippines<br />• Instagram: https://www.instagram.com/cnnphilippines/<br />• Twitter: https://twitter.com/cnnphilippines
