MANILA, Philippines—The Bangko Sentral ng Pilipinas (BSP) has begun formulating exit strategies, with the help of international counterparts, to wean the Philippines away from a historic low interest rate regime in case the COVID-19 pandemic ends, according to the BSP head.
At an online press briefing, BSP Governor Benjamin Diokno said enforcing well-timed monetary policy measures when the economy recovers will help keep inflation in check and financial markets stable.
Of particular concern to the BSP is how to unwind the liquidity it has unleashed since the start of the COVID-19 health crisis, now estimated at P2 trillion, in a manner that would neither derail recovery or cause …
Keep on reading: BSP starts planning to unwind P2-T cash stimulus in post-pandemic economic recovery