Oil prices, interest rates top risk factors for RP, Thai economies

Surging oil prices, higher interest rates and inflationary pressures are among the leading risk factors that could weigh heavily on the economies of both the Philippines and Thailand, monetary officials of both countries said.

In a bilateral meeting attended by Philippine and Thai monetary authorities, the officials agreed that rising world oil prices could derail the economic programs and inflation-targeting scheme of both Southeast Asian countries.

PhilStar