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BSP likely to pause easing — poll | BusinessWorld


February 8, 2021 | 12:32 am
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The central bank is likely to keep policy rates steady despite a spike in inflation in January. — PHILIPPINE STAR/MICHAEL VARCAS
By
Reporter
THE central bank is widely expected to maintain key policy rates at record low levels on Thursday, as it waits for fiscal policy to do its part in quelling the recent spike in inflation.
In a
BusinessWorld poll held last week, 17 out of 18 analysts said they expect the Monetary Board (MB) to leave interest rates unchanged at its first policy-setting review this year on Feb. 11.
Analysts said any change in benchmark rates will come later this year or in 2022, as the Bangko Sentral ng Pilipinas (BSP) reserves its ammunition in supporting the economy during the crisis. ....

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