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MOODY’S Analytics, a unit of Moody’s Corp., expects the Bangko Sentral ng Pilipinas to keep the benchmark policy interest rate steady at 6.25 percent in its November meeting despite the elevated inflation.
Finance Secretary Benjamin Diokno said over the weekend he remained confident that monetary authorities would consider the latest relevant information before deciding on whether or not to tweak the policy stance in the next meetings. National Economic and Development Authority Secretary Arsenio Balisacan earlier expressed objection to a further hike in interest rates because it might significantly hurt economic growth.
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