(BusinessWorld) THE BANGKO SENTRAL ng Pilipinas (BSP) is likely to keep its key interest rate steady as the economy gradually reopens despite a continued surge in coronavirus disease 2019 (COVID-19) infections.
A BusinessWorld poll held last week showed 17 out of 18 analysts expect the Monetary Board to hold the key policy rate at 2%, a historic low, on Sept. 23.
Analysts expect the central bank to look past the beyond-target inflation in order to support the economy’s recovery which has been stymied by the persistent rise in COVID-19 cases and lockdown restrictions.
“I think BSP will still keep its key policy rates at its current level. It might take some time before a significant economic growth can occur due to high infection rate and limited economic activity,” said Mitzie Irene P. Conchada, an economist from the De La Salle University… Read More
