MONETARY authorities will likely be 'more patient' in keeping key interest rates steady, a former Bangko Sentral ng Pilipinas (BSP) official said, amid expectations of a 25-basis point cut today or a possible off-cycle easing.
MONETARY authorities will likely be 'more patient' in keeping key interest rates steady, a former Bangko Sentral ng Pilipinas official said, amid expectations of a 25-basis point cut today or a possible off-cycle easing.'We hope the monetary policymakers do not listen to the sirens' song,' former BSP deputy governor Diwa Guinigundo said in a GlobalSource Partners commentary issued on Tuesday.
''If the BSP had eased monetary policy two months ago, its decision would have been awkward in the face of the 4.4 percent July inflation,' he said.'While this may be a blip that may not result in a long-term trend, this single point might be enough to affect inflation expectations, disrupt capital inflows and drive the weakness of the peso, all of which are undesirable for controlling inflation.
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