Officials of the Bangko Sentral ng Pilipinas (BSP) are confident recent policy rate adjustments will improve the country’s medium-term growth prospects.
OFFICIALS of the Bangko Sentral ng Pilipinas are confident recent policy rate adjustments will improve the country’s medium-term growth prospects.
“The BSP is committed to its price stability mandate by working to promote predictable and low inflation rates,” BSP Governor Felipe M. Medalla said in a statement over the weekend. S&P noted that the government’s fiscal position will gradually improve as economic recovery takes hold. In their view, “the fiscal shortfall should continue to narrow over the coming years while the economy regains its footing and the government scales back stimulus measures.”
Moreover, S&P said that the Philippines’ external position remains an anchor rating strength as “reserves continue to act as a strong external buffer.”
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