Free Trial

MNI BSP Preview - September 2021: Balancing Act Continues

EXECUTIVE SUMMARY

  • Bangko Sentral ng Pilipinas are expected to leave its benchmark interest rate unchanged as they tread a tightrope between flagging economic recovery and accelerating inflation.
  • In his recent comments, Governor Diokno said that BSP stand "ready to maintain its accommodative monetary stance" as long as needed "to the extent that the inflation outlook would allow."
  • RRR cuts are also unlikely in the near term, even as the Governor signalled that he wants to see the rate reduced to a single digit by the time his term expires in 2023.

Click to view the full preview: MNI BSP Preview September 2021.pdf

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.