Bangko Sentral ng PilipinasThe Bangko Sentral ng Pilipinas (BSP) is likely to maintain its accommodative monetary policy stance for the rest of the year to aid the Philippine economy's recovery, according to analysts. The changing growth-inflation mix, according to ANZ Research analysts, shows that the current policy stance is suitable and should be maintained for a long time. They said, "Accordingly, we expect monetary policy to remain in its current holding pattern well into 2022." Mapa also expects the BSP to look past the potential breach to the inflation target, with the chances of preemptive recalibration being slim. From here it appears that the bias is possibly for even more stimulus from BSP despite a marginal miss on the inflation target," Mapa said.

Source: Manila Times August 14, 2021 12:33 UTC