THE BANGKO SENTRAL ng Pilipinas is likely to remain accommodative this year, but it should be prepared to act against “more entrenched” inow in case of faster tightening by the US Federal Reserve, according to the International Monetary Fund .
While the December inflation print is an “encouraging” sign, he warned the BSP to look for signs that may warrant the need for monetary policy tightening.ation of 4.5% still exceeded the central bank’s 2-4% target band.ation to ease to within the target at 3.4% and 3.2% for 2022 and 2023, respectively.
BSP Governor Benjamin E. Diokno has said they would want to see four to six quarters of steady economic growth before making any policy adjustments. He said they may consider a reduction in reserve requirements of banks if there is still need to provide more support to the economy.rst line of defense against external shocks. Another important consideration will be to monitor surveys of private sector inAsked whether the peso could hit P52 per dollar, Mr.
Meanwhile, Mr. Gudmundsson noted how the central bank has started to reduce its purchase of government securities as well as its loan to the National Government.
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