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GDP likely shrank anew in Q1 — poll - BusinessWorld

BusinessWorld
May 10, 2021 | 12:34 am
Localized lockdowns have been implemented due to the rising number of coronavirus cases. â PHILIPPINE STAR/ MICHAEL VARCAS
PHILIPPINE gross domestic product (GDP) likely declined at a slower pace in the first three months of 2021 compared with the previous quarters, a
BusinessWorld poll showed, as a renewed surge in coronavirus infections and a stricter lockdown imposed in Metro Manila and adjacent provinces dampened recovery.
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BusinessWorld poll of 18 analysts yielded a median GDP decline of 2.6% for the first quarter, easing from the -8.3% in the fourth quarter of 2020, but still slower than the -0.7% in the first quarter of 2020. ....

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BSP likely to keep rates steady — poll

December 14, 2020 | 12:33 am
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The Monetary Board is likely to keep policy rates steady at its meeting on Thursday, taking into account the faster inflation trend. â PHILIPPINE STAR/MICHAEL VARCAS
By
Reporter
THE CENTRAL BANK is likely to keep its key policy rates at the record low levels on Thursday, as it considers the recent uptick in the countryâs inflation rate, according to analysts.
With recovery prospects remaining bleak in the fourth quarter, analysts expect the Bangko Sentral ng Pilipinas (BSP) to resume policy rate cuts as early as the first quarter of 2021 to boost a sagging economy.
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