BSP seen keeping key rate at record low 2%

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 12%
  • Publisher: 86%

The BSP is expected to keep the policy rate at a record-low 2 percent when its Monetary Board meets on Thursday given a still tentative economic recovery amid the prolonged COVID-19 pandemic. | bendeveraINQ

Philippines Latest News, Philippines Headlines

End-October headline inflation averaged an above-target 4.5 percent due to expensive food, especially pork due to the African swine fever outbreak.

Following the “impressive” 3.8-percent quarter-on-quarter growth in third-quarter GDP, Capital Economics said the Philippine economy would “likely grow strongly again this quarter given the sharp fall in new virus cases and an easing of restrictions.” Based on earlier Capital Economics estimates, the Philippines’ GDP remained 6-percent below prepandemic levels at the end of the third quarter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PH
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Merkel urges unvaccinated to reconsider as 7-day COVID-19 incidence rate hits record'Difficult weeks lie ahead of us, and you can see that I am very worried,' Merkel says in her weekly video podcast.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Drought forces Iraqi farmers to leave their landExperts have warned that record low rainfall, compounded by climate change, are threatening social and economic disaster in war-scarred Iraq.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Shhhh!: Duday tells mom to keep quietDuday is making netizens smile again!
Source: cebudailynews - 🏆 8. / 71 Read more »

PH confirms 309 new deaths from COVID-19The Philippines confirmed 309 new deaths from COVID-19 on Sunday, bringing the country’s death toll from the disease to 45,581. bakit ang deaths recently ang taas kahit mababa ang cases? DOHgovph From where is this? So far I have not come across an explanation yet. It is a backlog not recorded earlier? Wala pa bang improvement ang covid recording? Kung kelan lumuwag ang hospital, tsaka dumami ang namatay. Anyare?
Source: ANCALERTS - 🏆 26. / 50 Read more »

Djokovic has Federer Finals record in sight after ‘exhausting’ yearNovak Djokovic is ready to cap a the year at the ATP Finals as he enters the tournament with Roger Federer’s all-time wins record in his sights.
Source: cebudailynews - 🏆 8. / 71 Read more »

PH confirms 1,997 new COVID-19 cases, 238 more deathsThe positivity rate is at 4.5 percent, based on samples collected from 45,964 individuals on Thursday, the DOH said. ANCALERTS ANCALERTS Can somebody explain the numbers on deaths. ANCALERTS
Source: ANCALERTS - 🏆 26. / 50 Read more »