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MNI BSP Preview - March 2021: Looking Through Inflation Overshoot

MNI Point of View: Looking Through Inflation Overshoot

  • Whilst the Philippines is waging an uphill battle against Covid-19, there is little that Bangko Sentral can do to shore up domestic economy. In January Governor Diokno promised a long pause in policy easing, at least through the first half of the year. Given persistently weak policy transmission and the recent CPI overshoot, BSP are set to leave interest rates unchanged.
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MNI BSP Preview March 2021.pdf

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