MANILA, Philippines—The Philippine central bank intends to keep domestic interest rates at “rock bottom” levels for some time despite growing talk about an upcoming increase in the cost of money in developed economies that are starting to emerge from the COVID-19 pandemic.
At an online briefing, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the prevailing accommodative monetary policy and liquidity-enhancing measures of the regulator will continue to support the domestic economic crisis by fostering favorable credit conditions and the orderly functioning of the government securities market.
“With a manageable inflation outlook, the BSP continues to prioritize th…
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