MONETARY authorities are expected to keep key interest rates steady up to the third quarter before finally easing policy in a bid to shore up growth, a Moody's economist said.
MONETARY authorities are expected to keep key interest rates steady up to the third quarter before finally easing policy in a bid to shore up growth, a Moody's economist said.Delays, however, remain possible should inflation concerns heighten and if the peso falls against the dollar.'The BSP will stand pat on its monetary settings until the third quarter, at the earliest,' Moody's Analytics economist Sarah Tan said in an email.
ING Manila Bank senior economist Nicholas Antonio Mapa noted that 'market participants are currently predicting inflation breaches the top end of the BSP's inflation target of 2-4 percent.''However, if rice prices stay unchanged at roughly P55/kilo, oil prices sustain their decline, and domestic demand stays soft, we could see inflation skirt the inflation target and drop sharply as early as August,' he added.
Seen Pausing Up To 3Rd Quarter
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