The Bangko Sentral ng Pilipinas (BSP) is still unsure of its next policy stance amid mixed data. The Monetary Board will meet Thursday, Aug. 17, to discuss its next rate action.
“In the last two meetings we have paused. We are reassessing the situation,” he said on Monday, Aug. 14, during a Philippine Economic Briefing in Laoag, Ilocos Norte, the last of the three-city PEB by the administration's economic team this past week.
During a recent budget hearing at the Lower House, the BSP chief has already communicated its intention review the current BSP rate pause but he seems less confident as of Monday of the mixed data that they had to rely on. “In other words the markets continue to believe that we will hit our target range by 2024 and stay there until 2025,” said Remolona.
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