The Philippines’ central bank (BSP) kept its policy rate unchanged at 4.0% today, as expected. We are sticking with our long-held view that rates need to move up this year to ensure that inflation pressures remain contained. We continue to expect a first move at the meeting in March and for rates to climb a cumulative 100bp by end-2011.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services