Philippines: BSP predicted to keep rates unchanged – UOB

The Bangko Sentral ng Pilipinas (BSP) is forecast to keep the policy rate intact at 2.00% at its event on Thursday.

Key Quotes

“Given that BSP has dropped its concerns about the build-up of second round of inflationary pressures and remains confident that the domestic economy will continue to improve in the near term, we believe the BSP will keep its powder dry and use its ammunition with caution as the year progresses.”

“Hence, we expect the overnight reverse repurchase rate to be kept at 2.00% for the rest of the year.”