BSP seen easing monetary policy

With inflation on a clear downtrend, the Bangko Sentral ng Pilipinas (BSP) may start to loosen its grip on monetary settings this 2019 to boost banks' capacity to oil the economy, a joint publication of First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific. (UA&P) said. The paper said the BSP's policy-raising cycle had ended "as brakes on inflation get a better grip in 2019." However, with banks' liquidity positions tightened by Basel 3, we expect a 2-percentage point reserve requirement cut in 2019 and a policy rate cut by the second half of 2019," the FMIC-UA&P research said. Basel 3 requires a complex package of reforms designed to improve the a...Keep on reading: BSP seen easing monetary policy

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