The Bangko Sentral ng Pilipinas (BSP) is seen to keep its key interest rates unchanged at today’s monetary policy setting as recent consumer price pressures are expected to decelerate in the months ahead.
Chidu Narayanan, economist for Asia at British bank Standard Chartered, said in a research note the BSP would likely keep its rates on hold through the entire 2021 and 2022, anchored on a “moderation in inflation combined with still-soft growth and subdued sentiment.”
Narayanan said inflation this year had likely plateaued in the second quarter, after spiking sharply in the first quarter. This was while the imposition of renewed nationwide lockdowns in March had gnawed on activity…
Keep on reading: BSP seen to keep rates unchanged in today’s meet