With inflation on track to meet expectations, the Monetary Board has decided to maintain the Bangko Sentral ng Pilipinas (BSP) key policy rates on Thursday. Know more:
WITH inflation on track to meet expectations, the Monetary Board has decided to maintain the Bangko Sentral ng Pilipinas key policy rates on Thursday.
“Both headline and core inflation decelerated further in May due mainly to slower increases in the prices of food and energy-related items, affirming expectations of a return to the target range by year’s end,” he added. The weaker-than-expected performance of the global economy could be a factor dragging down commodity prices further.
“While the domestic growth momentum is expected to remain intact over the near term, recent demand indicators suggest a likely moderation in economic activity over the policy horizon, reflecting the impact of the BSP’s cumulative policy rate adjustments as well as weak global growth prospects,” BSP said.Rizal Commercial Banking Corporation Chief Economist Michael L.
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