MANILA, Philippines — Monetary policy can be pro-growth as monetary authorities are also mindful about challenges confronting the economy, the National Economic and Development Authority (NEDA) said. As inflation decelerates, the BSP has so far unwound some of the policy tightening last year by cutting policy rates by 25 basis points in May. “But let’s also not forget that the policy tightening was 175 basis points. So the easing so far is 25 basis points. Unionbank chief economist Carlo Asuncion said the banks recognize the increased possibility of further monetary easing as they also understand that the BSP wants the monetary policy stance to be consistent with price stability.

Source: Philippine Star June 01, 2019 16:00 UTC