THE CENTRAL BANK will ensure ample liquidity and the stability of the banking system through its policy actions, an official said. READ:
“On the monetary policy side, we need to hold firm. We need to ensure that liquidity continues and the banking system is safe,” Monetary Board member V. Bruce J. Tolentino said at a lecture held during the virtual signing of a memorandum of agreement for a research partnership among the Bangko Sentral ng Pilipinas , the Ateneo de Manila University, and the University of the Philippines Diliman.
Inflation last year averaged 4.5%, higher than the 2.6% in 2020 and above the 2-4% target of the central bank. The BSP kept benchmark interest rates at record lows in 2021, citing the need to support the economy amid new coronavirus disease 2019 variants.